1. A country has Labor Force (LF) of 155 million and out of total LF; 137 million are employed in different sectors of economy. Calculate the following?
a. Number of Unemployed
b. Unemployment Rate (%)
c. Labor Force Participation Rate (%) if the population equal to 234 Million
2. In an economy, 3% of the employed workers lose their jobs and 20% of unemployed workers during the FY 2012. Calculate the natural rate of unemployment in that economy?
3. During a period of one year, if in an economy, 5% of the employed workers lose their jobs and 15% of unemployed workers find jobs. Calculate the natural rate of unemployment in that economy