Consider the population of XYZ-Land. In 2018, the country had a total population of30 million, 10 million of whom were older than 64 years and younger than 16 years(the minimum working age) while 9 million, mostly housewives and students, did notwant to work. A total of 8 million of the population between 16 years and 64 years oldwho wanted to work were employed while the rest remained unemployed. Based onthis information answer the following questions:a. What is the size of the labour force or economically active population?b. What is the labour force participation rate?c. How many people are unemployed?d. What is the unemployment rate?What is the labour force participation rate?
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