M&B3 3rd Edition by Dean Croushore

Exercise 13

Suppose that the country of Bigu has a population of 127 million, of which 83 million are in the working-age population. Of those, 25 million are not in the labor force and 52 million are employed.
a Calculate the working-age population as a percentage of the population.
b Calculate the labor-force participation rate.
c Calculate the unemployment rate.