Question: The next two questions involve the following situation. Consider the following data from a particular economy. Item Value Unemployment Rate 10% Labour Force Participation Rate

The next two questions involve the following situation. Consider the following data from a particular economy. Item Value Unemployment Rate 10% Labour Force Participation Rate 75% Working-Age Population 3,600,000 54. How many people are in the Labour Force? (A) 3,600,000. (B) 360,000. (C) 2,700,000. (D) 270,000. 55. How many people are unemployed? (A) 3,600,000. (B) 360,000. (C) 2,700,000. (D) 270,000

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