Question 1A
The table below reports some labour market figures for a hypothetical country, Blefuscu in 2005. Assume that there are only two types of employment: full time and part time. Everyone who is not employed is unemployed. Calculate the Labour force participation and ii) unemployment rate. Show all your calculations.
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Population
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1,300,000
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Working age population
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850,000
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Number of people Not in the labour force
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297,500
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Part-time employment as a percentage of total employment
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20%
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Number of full-time employees
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416,364
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Rate of
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