Question

According to 2017 Belgium Labor data information: Adult Population in 2017= 4500, Number of employed in 2017= 2800, and Number of Unemployed in 2017= 700. The labor-force participation rate of Belgium in 2017 was
a.62.22%.
b.54.28%.
c.15.55%.
d.77.78%.


According to Japan Labor data information: Adult Population in 2016= 3500, Number of employed in 2016= 1800, and Number of Unemployed in 2016= 600. The unemployment rate of Japan in 2016 was
a.11.42%.
b.25.00%.
c.54.28%.
d.17.39%.

Answer 1

The labor-force participation rate of Belgium in 2017 was 77.78%

1.

Given:

Adult population = 4500

Number of employed in 2017 = 2800

Number of Unemployed in 2017 = 700

Labor force participation rate = (employed + unemployed) / total population × 100

= (2800 + 700) / 4,500 × 100

= 3,500 / 4500 × 100

= 0.777777777777777 × 100

= 77.77777777777777%

Approximately, 77.78%

2.

Given:

Adult Population in 2016 = 3500

Number of employed in 2016 = 1800

Number of Unemployed in 2016= 600

Unemployment rate = unemployed population/ total labor force × 100

= 600 / 3,500 × 100

= 0.171428571428571 × 100

= 17.14285714285714%

Approximately,

17.14 %

Therefore, the unemployment rate of Japan in 2016 was 17.14%

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