(Answered) Question consider the following labour market data and

Economics

Question: Consider the following labour market data and compute the followings (where relevant, show it to two decimal points).

Adult population - 100

Not in labour force - 20

Unemployed - 15

Employed - 65

i) Calculate the labour force.

ii) Calculate the percentage of people not in the labour force.

iii) Calculate the rate of unemployment.

iv) Calculate the labour force participation rate.

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Macroeconomics, Economics

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