Essay
City A has a total population of 10 million, of which 70 percent are adults. Assume that 20 percent of the adult population is not looking for a job and 60 percent of the remaining adult population is employed. Compute the following:
a. Labour-force participation rate
b. Unemployment rate
Correct Answer:
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Adult Population = (10)(70))/100 = 7 mil...View Answer
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