What is Labor Force Participation rate

QUESTION

Assignment-4.ECON-201
Q.1. what is national saving? What is private saving? How are these
three variables related?
Q.2. What is
Labor Force Participation rate? Calculate Labor Force Participation rate by
using the data given below.

Adult
Population

No. of Employed

239.6million

No. of Unemployed

23.6million

Not in Labor Force

95.7million

Q3-
____________________________________________________________________
Year Real GDPin2005
Millions$ Population
Millions of people
1961 2432 184
1962 2578
186
________________________________________________________________________

The real GDP per person for San Lucia grew rapidly
in the early 1960s. The table above has San Lucia real GDP and population for
1961 and 1962.

a. What was San Lucia real GDP per person in
1961?

b. What was San Lucia Real GDP per person in 1962?

c. Between 1961 and 1962, how rapidly did San
Lucia Real GDP per person grow?

Note:

Assignments

Date of issue

Due date of submission from the students

4th

End of 9th week

End of 11th week

You are required to follow these instructions as per the mentioned
below:
1. Must to
finish these assignments as per the due date, after due date no assignments
will be graded.
2. All the
instructors are now using plagiarism software so any issue found will be liable
for strict action
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guilty will be given ’0’ marks

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