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Information about a small country

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Reference no: EM131571324

We have the following information about a small country.

Civilian Population = 300,000

Unemployment Rate = 15.00%

Labor Force Participation Rate = 60%

Calculate the following:

1. Size of the labor force =

2. Number of people unemployed =

3. Number of people employed =

4. Employment-Population Ratio = percent

5. The government officials of the country conveniently forgot to include the discouraged workers in their calculations. After some research you find out that there were a total of 11,250 discouraged workers in the country. Therefore, you conclude that the true unemployment rate was? percent.

Reference no: EM131571324

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