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Assume the following data for a country: Category Number of People (Millions) Total population 500 Population under 16 years of age or institutionalized 120 Not in labor force 120 Unemployed 13 Part-time workers looking for full-time jobs 10 a) What is the size of the labor force?________ million b) What is the official unemployment rate?__________%
Assume the following data for a country:
|
Category |
Number of People (Millions) |
|
Total population |
500 |
|
Population under 16 years of age or institutionalized |
120 |
|
Not in labor force |
120 |
|
Unemployed |
13 |
|
Part-time workers looking for full-time jobs |
10 |
a) What is the size of the labor force?________ million
b) What is the official unemployment rate?__________%
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