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Some data of an economy is presented in the table below. Find the unknown values. Please show all the steps you use to arrive at your answers.
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- 1. Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following: a. Working age population ratioWhat wil be the economic condition if GDP deflator is 107.QUESTION TWORecently, the government of the republic of Zambia conducted a 2022 Census of Population and Housing. From the summary results, Zamstats indicated that the 2022 Zambian population is 19,610,769. Assume that 35% of the population are not in the labour force. Suppose also that from those in the labour force, 40% are employed. Determine the total number of people who are;a) not in the labour force.b) in the labour force.c) employed.d) unemployed.
- Each month the CensusBureau carries out the Current Population Survey (CPS) (which has been carried out every month since 1940). A total of __________ households are contacted every month. a)600,000 b)6000 c)60,000 d)600The labor force participation rate shows the percentage of thelabor force that has a job. labor force that is unemployed. relevant population that is employed. relevant population that is in the labor force.Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 calcuate (d) Not in the labour force (e) Working age population ratio
- Question 1 Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following: (d) Not in the labour force (e) Working age population ratioWhat is a leading economic indicator? Provide two examples.Economists examined many indicators in order to determine the standard of living of citizens within a country. Identify any five of these indicators and explain how they are used to determine how well-off citizens are (exclude nnp, gdp & gnp).
- How to calculate the labour force participation rate? Please provide formula Labour force: 140,00 Working age population: 210,900What was the ratio of per capita income in each of the following countriesto that in the United States in the year 2014. Ethiopia, Mexico, India,and Japan?How should the following activity be treated in estimating national income of a country. Give specific reason for it. # Taking care of aged person