Reference no: EM132620484
Supposing the following data describes a nation's population.
year 1 Year 2
Population 200million 203million
Working age population 160million 170million
Labour force 120million 125million
Unemployment rate 6 percent 6 percent.
a. How many people are unemployed in each year?
b. How many people are employed each year
c. calculate the employment rate?
d. How many people are not in the lobour force?
e. Compute the labour force participation rate?
f. What percentage is outside the working age?
g. Mention any three (3) categories of people outside the lobour force?
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