(e) calculate the mnd tion rate between anu using the D della tors nat you calcu
ID: 1133490 • Letter: #
Question
(e) calculate the mnd tion rate between anu using the D della tors nat you calculated in parts (c) and (d) (15 points). Consider the following labor market data. Fill in the missing values. E is the number of employed, UR is the unemployment rate, LFPR is the labor-force participation rate, and WAP is the working age population. 2. Year 2016 2017 2018 7sWAP 440 UR LFPR 264 25% 10% 80% 75% 450 270 (a) What was the unemployment rate, UR, in 2016? (b) How many people were employed, E, in 2017? (c) How much was the working age population, WAP, in 2018?Explanation / Answer
(a)
labor force=440*75%=330
unemployed=330-264=66
unemployment rate or UR=66/330=20%
b)
LABOR FORCE=450*80%=360
unemployed=360*25%=90
empolyed or E=360-90=270
C)
labor force=270/(1-10%)=300
wap in 2018=300/75%=400
the above is answer..
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