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Final

MGEA06H3 Study Guide - Final Guide: Employment-To-Population Ratio


Department
Economics for Management Studies
Course Code
MGEA06H3
Professor
Iris Au
Study Guide
Final

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From 2011 Past Exam
Question 2
The economy in question has an adult population of 245 millions. Currently, 20% of
the adult population is not in the labour force and 14.21 million workers are unemployed.
Based on the information given, the unemployment rate and the employment rate are:
Answer
Unemployment rate, %
Employment rate, %
A
5.80
74.20
B
5.80
80.00
C
5.80
94.20
D
7.25
74.20
E
7.25
80.00
F
7.25
92.75
G
7.82
74.20
H
7.82
80.00
I
7.82
92.18
J
Cannot tell
Cannot tell
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