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In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non-institutionalized population was 109.684 million, the labor force was 65.760 million, and the number of people employed was 62.630 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about:_______

a. 57.1% and 2.9%
b. 60% and 4.8%
c. 57.1% and 4.8%
d. 60% and 2.9%

Respuesta :

Answer:

b. 60% and 4.8%

Explanation:

The computation of the  labor-force participation rate and unemployment rate is given below;

Labor force participation rate is

= (Labor force ÷ Population) × 100

= (65.760 ÷ 109.684) × 100

= 59.95%

=  60%

Now  

Unemployed = Labor force - Employed

= 65.760 - 62.630

= 3.13

So,  

Unemployment rate is

= (Unemployed ÷ Labor force)  × 100

= (3.13 ÷  65.760)  × 100

= 4.8%

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