uppose the following data describes a nation's population:

Year 1 Year 2

Population 150 million 225 million

Labor Force 120 million 180 million

Unemployment rate 7% 5%

a) How many are unemployed each year? Year 1______

Year 2 ______

b) How many are employed each year? Year 1______

Year 2 ______

c) Calculate the employment rate for each year. Year 1 ______

Â Â Â Â (Employment rate = number employed/population)

Year 2 ______

Â Â Â Â Â Â Â Â d) How can the employment rate rise when the unemployment rate is constant?

Year 1 Year 2

Population 150 million 225 million

Labor Force 120 million 180 million

Unemployment rate 7% 5%

a) How many are unemployed each year? Year 1______

Year 2 ______

b) How many are employed each year? Year 1______

Year 2 ______

c) Calculate the employment rate for each year. Year 1 ______

Â Â Â Â (Employment rate = number employed/population)

Year 2 ______

Â Â Â Â Â Â Â Â d) How can the employment rate rise when the unemployment rate is constant?

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