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The Bangladesh Bureau of Statistics report that the population of the country in 2016 was 150 million of which 60% were adult. If the number
The Bangladesh Bureau of Statistics report that the population of the country in 2016 was 150 million of which 60% were adult. If the number of people unemployed 30 million and number of people NOT in the labor force was 20 million and discouraged workers were 5 million then calculate
a) unemployment rate of 2016.
b) labor force participation rate of 2016.
c) Alternative unemployment rate of 2016.
d) If this economy is at full employment what are the cyclical unemployment rate and natural rate of unemployment of 2016.
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