Question

1. In Nepal, the adult population is 7.0 million people. There are 2.6 million employed people and 0.5 million unemployed people.

1. How large is the labor force?

2. How many people are not employed?

3. What is the labor force participation rate?

4. What is the unemployment rate?

Answer 1

Answer a - 3.1 million people

Reason - labourforce = employed people + unemployed people

= 2.6 million + 0.5 million

= 3.1 million people

Answer b - 3.9 million people

Reason - not employed people = total adult population - (employed + unemployed)

= 7 million - ( 2.6 million + 0.5 million)

= 3.9 million

Answer c - 44.29%

Reason - labour force participation rate = total labour force ÷ total adult population * 100

= 3.1 million ÷ 7 million * 100

= 44.29%

Answer d - 16.13%

Reason - unemployment rate = number of people unemployed ÷ total labour force * 100

= 0.5 million ÷ 3.1 million * 100

= 16.13%

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