Calculation_of_Unemployment_Rate_etc_Rev_Sol

Calculation_of_Unemployment_Rate_etc_Rev_Sol - 25...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Using Table 1, calculate the following:     Number in Millions/Rate % (to nearest tenth) Table 2 Category Number of people in millions Total Population 450 Less than 15 years old 50 Part-time workers 45 Full-time workers 225 Retired 25 Looking for work in the past 4 weeks 15 In Jail 30 Full-time homemaker 25 Full time students
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 25 Discouraged workers 10 a) Working Age Population: 450 50 = 400 b) Non-participants: 25 + 30 + 25 + 25 + 10 +50 = 165 c) Labour Force: 45 + 225 + 15 = 285 d) Unemployed: 15 e) Employed: 270 f) Labour Force Participation Rate: [285/400]*100 = 71.25%...
View Full Document

Ask a homework question - tutors are online