Data for an economy shows that the unemployment rate is 6 percent, the participation rate is 60 percent, and 20 million people 15 years or older are not in the labour force. How many people are unemployed this economy?

If the number employed is 12 million, the working-age population is 16 million, and the number unemployed is 0.7 million, then the unemployment rate is —.Group of answer choices5.51%5.17%3.75%12%

In Country X, the population is 100 million, 60 million people are employed, 5 million are not employed and looking for work, and 35 million are not employed and not looking for work.What is the unemployment rate in Country X?

Assume the following data for a country:Category Number of People, MillionsTotal population 500Population under 16 years of age or institutionalized 120Not in the labor force 150Unemployed 23Part-time workers looking for full-time jobs 10Instructions: Enter your answers as a whole number.What is the size of the labor force? millionWhat is the official unemployment rate? percent

Assume a country has a total population of 58 million, of which 70 per cent are part of the working-age population. 23.7 million working-age people are not looking for a job, and 11.35 million are employed. What are the labour force participation rate (LFPR) and the unemployment rate (u)?a.LFPR = 41.6%; u = 19.5%b.LFPR = 41.6%; u = 32.8%c.LFPR = 59.4%; u = 19.5%d.LFPR = 59.4%; u = 32.8%

Country Z latest labour survey shows working-age population is 15 million, of which 10 percent have stopped to look for job.8 million people are employed in full time work,4.5 million people are employed in part-time work, and  the remain of people are unemployed.So the total labor force is____ ,the unemployment rate is ___.(1 decimal point)