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There are 100,000 people in Yellowland. Of these 100,000 people, 25,000 are too old to be able to work, and 15,000 are too young to

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There are 100,000 people in Yellowland. Of these 100,000 people, 25,000 are too old to be able to work, and 15,000 are too young to be able to work. Of the remaining 60,000 people, 10,000 are not working and have given up looking for work; 45,000 are currently employed; and the remaining 5,000 are looking for work but do not currently have a job. (10 marks, 2 marks each) Name and define the two main labour market indicators. What is the number of people in the labour force in Yellowland? C. What is the unemployment rate in Yellowland? How many people in Yellowland are discouraged workers? 2. What is the labour force participation rate in Yellowland

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