Q3. c) Country C announces that there are 20.4 M adults employed and 2.2M unemployed. The population is 50.43M and the working-age population is 34. SM. The country's youth are paying the heaviest price, with a staggering 34.9 per cent of 15 to 24 year-olds out of work. Calculate the labour force participation rate and the unemployment rate for Country C

Q3. c) Country C announces that there are 20.4 M adults employed and 2.2M unemployed. The population is 50.43M and the working-age population is 34. SM. The country's youth are paying the heaviest price, with a staggering 34.9 per cent of 15 to 24 year-olds out of work. Calculate the labour force participation rate and the unemployment rate for Country C

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 1QR

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