Question

How many unemployed people were there in 1999, given that the workforce was 60% of the population? 2000 64.81 Ethiopian Economic Summary 1997 1998 1999 Total GDP 60.50 50.60 58.08 (billions of $) GDP per head of 1,100 880 968 population ($) GDP growth per head 11.0% -20.0% 10.0% (% change per year) Unemployment rate 7.9% 12.5% 10.0% (% of workforce) 997 O 3,200,000 3.0% 0 3,300,000 8.5% 0 3,400,000 O 3,500,000 O None of these

Answer 1

The correct option is the None of these.

Unemployment rate =Unemployed people/ Workforce

GDP per head=Total GDP/ Population.

In 1999,

968=58.08*1000 million/Population

Population in 1999 =58.08*1000/968

= 60million or 60,000,000

Workforce= 60% of the population

= 60% of 60 million

=36 million or 36,000,000

Unemployment rate = Unemployed people/ Workforce

10% = Unemployed people/36,000,000

Unemployed people = 3,600,000.

Thus, the correct option is none of these.

Unemployed people were 3,600,000 in 1999.