Q1) The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. 1) Calculate the number of unemployed and the unemployment rate.  2) Also discuss it in few lines by comparing it with NRU (natural rate of unemployment 5%)

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter7: Unemployment And Inflation
Section: Chapter Questions
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Q1) The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000.

1) Calculate the number of unemployed and the unemployment rate. 

2) Also discuss it in few lines by comparing it with NRU (natural rate of unemployment 5%) (150words)  

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