In city A, the LFPR is 80%. 5% of the labour force are unemployed, and there are 19000 people employed. What is the size of working-age population?

Question

In city A, the LFPR is 80%. 5% of the labour force are unemployed, and there are 19000 people employed. What is the size of working-age population?
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Solution 1

The Labour Force Participation Rate (LFPR) is the percentage of the working-age population that is either employed or actively looking for work. The labour force is made up of the employed and the unemployed.

We are given that the LFPR is 80%, the unemployment rate is 5%, and there are 19,000 peop Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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