Question

Question #34~#36] There are 520 million employed people and 600 million in the labor force. The total adult population is 850 million.

34. How many people are unemployed in this country?

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Answer:

35. The unemployment rate for this country is

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Answer:

36. The labor-force participation rate is

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Answer:

Answer 1

34 . calculation of unemployed people

Total adult population= 850 million

Labour force= 600 million

Employed people= 520 million

Unemployed people= labour force - Employed people

= 600-520 million

= 80 million

35. Unemployment rate = (Unemployed people÷ total labour force)× 100

=( 80 million÷ 600 million)× 100

= 13.33%

36 The labour force participation ratio

Labour force= 600 million

Total adult population= 850 million

(Labour force ÷ Total adult population)× 100

=( 600 million÷ 850 million)× 100

= 70.59%