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Consider an economy Alpha with 2000 people of whom 240 of them are below the

Consider an economy Alpha with 2000 people of whom 240 of them are below the working age of 16 years. There are 1160 full tim

Consider an economy Alpha with 2000 people of whom 240 of them are below the working age of 16 years. There are 1160 full time workers, 200 part-time workers, 160 housewives, 120 full time students, 40 retirees, 60 actively searching for jobs and the rest are discouraged workers. Calculate the labour force participation rate and the unemployment rate.

Feb 07 2020 View more View Less

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