Find size of the labor force and official unemployment rate


Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force? What is the official unemployment rate?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find size of the labor force and official unemployment rate
Reference No:- TGS070133

Expected delivery within 24 Hours