Question

Question 7:   

This table shows the 2007 data for males and females aged 15 and over in the country of Banko.

Not in the Labour Force		Unemployed		Employed
Male	Female	Male	Female	Male	Female
45 million	35 million	5 million	5 million	85 million	65 million

1. What is the adult unemployment rate in Banko?
2. What is the adult labour-force participation rate in Banko?
3. What is the adult female unemployment rate in Banko?
4. What is the adult female labour-force participation rate in Banko?

Please explain all your reasoning and show all your work (including mathematical formulas).

Answer 1

Labour force = employed + unemployed

= (85+65) + (5+5)

= 150 + 10

= 160 million

a). Adult unemployment rate = Total unemployment/ labor force * 100

= 10/160 * 100

= 0.062 * 100

= 6.2 %

b) labor force participation rate = labor force / adult population * 100

Adult population = labor force + not in labor force

= 160 + (45+35)

= 160 + 80

= 240 million

Labor force participation rate = 160 /240 * 100

= 0.666*100

= 66.6%

c) Female unemployment rate = unemployed females / labor force * 100

Female unemployment rate = 5/160 * 100

= 0.0312* 100

= 3.12%

d) Adult female labor participation rate = female labor force / adult population * 100

Female labor force = female employed + female unemployed

= 65 + 5

= 70 million

Adult female labor force participation rate = 70 / 240 * 100

= 0.291 * 100

= 29.1 %