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The (fictional) country of Employedville currently has the following breakdown of their population: there are 50 million people of working age, 40 million in the
- The (fictional) country of Employedville currently has the following breakdown of their population: there are 50 million people of working age, 40 million in the labour force, of which 30 million are employed, and 30 million dependents. Please use this information to answer the questions below.
a)What is the dependency rate of Employedville?
b)What is the labour force participation rate?
c)What is the unemployment rate?
d)What is the employment rate?
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
