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You are given the following information for a country: Participation rate is 75%, the unemployment rate is 10%, the employment rate is 67.5%, and the
You are given the following information for a country: Participation rate is 75%, the unemployment rate is 10%, the employment rate is 67.5%, and the number of employed is 27 million. Based on this information, which of the following is correct?
The working age population is 40 million people.
The size of the labor force is 40 million.
The unemployment rate is 12 percent.
The number of unemployed is 2 million
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