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Question 3 : (10 marks) If a country has an adult population (those 15 years of age and older) of 200 million, 80 million workers,
Question 3 : (10 marks) If a country has an adult population (those 15 years of age and older) of 200 million, 80 million workers, 8 million not working but looking for work, 8 million not working and not looking for work, 30 million of an age greater than 65 and not working, and 20 million working in the home in home and family care, calculate: (i) the labor force participation rate , (ii) the unemployment rate using the definition in the text book
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