1)
A) The working-age population is 30,000,000. Of these,
21,000,000 people had jobs. Of the remainder, 3,000,000 were
looking for work, 1,500,000 wanted to work but did not actively
look for work, and 4,500,000 did not want to work. Calculate the
following statistics to 2 decimal places:
1) The labour force.
2) The number of people not in the labour force.
3) The labour force participation rate.
4) The unemployment rate
B) differentiate between underemployment and discouraged
workers. Provide an...