(2 Points) Assume the following data for a country: Total population is 700 Population under 16 years of age or institut
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(2 Points) Assume the following data for a country: Total population is 700 Population under 16 years of age or institut
(2 Points) Assume the following data for a country: Total population is 700 Population under 16 years of age or institutionalized is 120 ( Not in labor force is 150 Unemployed is 23 Part-time workers looking for full-time jobs is 10. a. What is the size of the labor force? Please show your calculations b. What is the official unemployment rate? Please your calculation.
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