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Suppose that the unemployment rate is 9%, the totalworking-age population is 100 million, and the number of unemployed is 3.6 million. Determine(a) the participation rate
Suppose that the unemployment rate
is 9%, the totalworking-age population is 100 million, and the number of unemployed
is 3.6 million. Determine(a) the participation rate
; (b) the labourforce; (c) the number of employed
workers; (d) the employment/population ratio
.
The participation rate is
%, the labour force is
million, the number of employed workers is
million, and theemployment/population ratio is
%. (Round your responses to three decimal places asneeded.)
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