Question
Using the information provided below for an arbitrary economy Not in W.A.P. 6.4 million Students (Not working) 9.2 million Unemployed (seeking) 3.5 million Unemployed (not
Using the information provided below for an arbitrary economy Not in W.A.P. 6.4 million Students (Not working) 9.2 million Unemployed (seeking) 3.5 million Unemployed (not seeking) 1.7 million Full time workers 13.7 million Involuntary P.T. workers 0.9 million Voluntary P.T. workers 2.4 million Stay at home parents 4.0 million a. Construct the population tree and fill in the corresponding values for each component. b. Calculate the unemployment rate. c. Calculate the labour force participation rate. d. Calculate the employment to population ratio. e. Calculate the involuntary part time rate.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started