Calculate the labor-force participation rate

Reference no: EM13214376

Suppose that the country of Bigu has a population of 127 million, of which 83 million are in the working-age population. Of those, 25 million are not in the labor force and 52 million are employed.

a Calculate the working-age population as a percentage of the population.

b Calculate the labor-force participation rate.

c Calculate the unemployment rate.

Reference no: EM13214376

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