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The following is employment information about the country A. Entire Population 2000 People under the age of 16 300 Retired people 450 Number of people

The following is employment information about the country A.

Entire Population 2000

People under the age of 16 300

Retired people 450

Number of people with full time job 500

Number of people with part time job 350

Number of people without a job but looking for one 150

Number of people without a job and not looking for one 150

  1. What is the labor force participation rate?

2. What is labor force? And the unemployment rate?

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