Calculate the broad unemployment rate

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Reference no: EM133543898

Assignment:

Suppose a country with 60.5 million of working age population and you are provided with the following data for your country for a particular month: 140 million people are working, 15 million are not working but are looking for work, and 1 million are not working and have given up looking for work and 500 000 are discouraged workers.

1) Calculate the broad unemployment rate

2) Calculate the narrow unemployment rate.

3) Calculate the labour force.

4) Calculate the labour force participation rate.

Reference no: EM133543898

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