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: (a) Unemployment rate (b) Labour force participation rate (c) Employment to population ratio Institutionalized population ratio (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: (a) Unemployment rate (b) Labour force participation rate (c) Employment to population ratio Institutionalized population ratio (d) Not in the labour force (e) Working age population ratio
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Learning Activity 8.1
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:
(a)
(b) Labour force participation rate
(c) Employment to population ratio Institutionalized population ratio
(d) Not in the labour force
(e) Working age population ratio
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