Question

"2020 Adult Civilian Population in Meditor

Males not in labor force 45 million
Females not in labor force 35 million
Males unemployed 5 million
Females unemployed 5 million
Males employed 90 million
Females employed 65 million
In 2020, in Meditor, the male labor-force participation rate is _____ and the male unemployment rate is _____. (Include two decimals)"

Answer 1

The male labor-force participation rate is 54.55% and the male unemployment rate is 5.56%.

Step-by-step explanation:

The male labor-force participation rate is the percentage of adult males who are either employed or who are unemployed and looking for a job. To calculate this rate, we divide the number of males in the labor force (which includes those employed and those unemployed) by the total adult male population and multiply by 100. In this case, the number of males in the labor force is 90 million, and the total adult male population is 165 million (unemployed males + employed males + males not in the labor force). So, the male labor-force participation rate is (90 million / 165 million) * 100 = 54.55%.

The male unemployment rate is the percentage of adult males who are unemployed out of the male labor force. To calculate this rate, we divide the number of unemployed males by the number of males in the labor force and multiply by 100. In this case, the number of unemployed males is 5 million, and the number of males in the labor force is 90 million. So, the male unemployment rate is (5 million / 90 million) * 100 = 5.56%.