(Answered) You have been asked by the king of the small island nation

Management Studies

You have been asked by the king of the small island nation of Littleston to present the labor force data listed below.

Number of employed: 20,000

Working-age 40,000

population Labor force 38000

Using this data, calculate the number of unemployed people, the unemployment rate, and the labor force participation rate.

Enter your answers in the table below. (NOTE: for the unemployment rate and the labor force participation rate, round to one place past the decimal point.)Number of unemployed people:

Unemployment rate :

Labor force participation rate:

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