Assume a country has a total population of 58 million, of which 70 per cent are part of the working-age population. 16.5 million working-age people are not looking for a job, and 19.4 million are employed. What are the labour force participation rate (LFPR) and the unemployment rate (u)?a.LFPR = 59.4%; u = 19.5%b.LFPR = 59.4%; u = 32.8%c.LFPR = 41.6%; u = 32.8%d.LFPR = 41.6%; u = 19.5%

The labour force participation rate (LFPR) is calculated as the sum of those employed and those unemployed (but looking for work) divided by the total working-age population. The unemployment rate (u) is calculated as the number of unemployed divided by the total labour force.

First, let's calculate the total working-age population. 70% of 58 million is 40.6 million.

Next, we need to calculate the total labour force. This is the total working-age population minus those not looking for a job. So, 40.6 million minus 16.5 million equals 24.1 million.

Now we can calculate the LFPR. The total labour force (24.1 million) divided by the total working-age population (40.6 million) times 100 gives us a LFPR of approximately 59.4%.

To calculate the unemployment rate, we first need to calculate the number of unemployed. This is the total labour force (24.1 million) minus the number of employed (19.4 million), which equals 4.7 million.

The unemployment rate is then the number of unemployed (4.7 million) divided by the total labour force (24.1 million) times 100, which gives us an unemployment rate of approximately 19.5%.

So, the correct answer is a. LFPR = 59.4%; u = 19.5%.