Suppose a country has a population of 122 million, of which 71 million are in the working-age population.Of those, 16 million are not in the labor force and 50 million are employed.
a.Calculate the number of people who are in the labor force.
b.Calculate the number of people who are unemployed.
c.Calculate the labor-force participation rate.
d.Calculate the unemployment rate.

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The Answer of Suppose a country has a population of 122 million, of which 71 million are in the working-age population.Of those, 16 million are not in the labor force and 50 million are employed.
a.Calculate the number of people who are in the labor force.
b.Calculate the number of people who are unemployed.
c.Calculate the labor-force participation rate.
d.Calculate the unemployment rate.

Suppose a Country Has a Population of 122 Million, of Which