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This question consists of two parts. Part (A) and Part (B) . Show your calculations. Part (A): In March 2020, the labour force of Greenland
This question consists of two parts. Part (A) and Part (B) . Show your calculations. Part (A): In March 2020, the labour force of Greenland was 18 million, employment was 17 million, and the working-age population was 28 million. With the help of this information: a) What was the unemployment rate? _________ b) What was the labour force participation rate? _________ Part (B): In March 2020, the labour force of Mangoland was 141 million, employment was 135 million, and the working-age population was 211 million. On the basis of this information: a) What was the unemployment rate? _________ b) What was the labour force participation rate? c) Given the data for Greenland and Mangoland, in which country were jobs harder to find? ______________. Why? ________________________________
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