Business, 28.08.2019 17:30 rosaa7

The country of econometrix has the following statistics. population: 22.5 millionpopulation under the age of 16 years: 7.5 milliondiscouraged workers: 200,000.retired people: 1 millionstructurally unemployed people: 200,000frictionally unemployed people: 200,000cyclically unemployed people: 2.2 millionusing only these statistics above, answer the following four parts. show full calculations. i. what is the labour force participation rate in economy x? ii. what is the current total unemployment rate in economy x? iii. what is the percentage of the adult labour force that is employed? iv. in percentage terms, how much new unemployment occurred in economy x after it went into a recession?

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The country of econometrix has the following statistics. population: 22.5 millionpopulation under t...

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