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The next two questions involve the following situation. Consider the following data from a particular economy. Item Value Unemployment Rate 5% Labour Force Participation Rate

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The next two questions involve the following situation. Consider the following data from a particular economy. Item Value Unemployment Rate 5% Labour Force Participation Rate 75% WorkingAge Population 7,000,000 51. How many people are in the Labour Force? (A) 7000000. (B) 5,250,000. (C) 262,500. (D) 525,000. 52. How many people are unemployed? (A) 7000000. (B) 5,250,000. (0) 262,500. (D) 525,000

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