Labor Force Participation Rate (TPAK)

Labor Force Participation Rate (TPAK) and its Implications for Economic Growth 1. Unknown: Population = 20,000,000 Souls Non-labor = 10,000,000 Souls Labor Force= 6,000,000 People Asked ................... : TPAK= Answer ? : TPAK = TPAK = = 30% So, TPAK = 30% 2. Unknown: Population = 8,000,000 Souls Labor force = 6,000,000 Souls Not Labor Force = 2,000,000 Souls Asked: TPAK= ? Answer : TPAK = Labor force = Labor force - non-labor force = 6,000,000 Souls - 2,000,000 Souls = 4,000,000 people TPAK = = 50% Thus, TPAK = 50% 3. Unknown: Population = 10,000,000 Souls Non-labor = 4,000,000 Souls Non-labor Force = 2,000,000 Souls Asked : TPAK= ........ ? Answer : TPAK = Labor force = Population - non-labor = 10,000,000 Souls - 4,000,000 Souls = 6,000,000 people Labor force = Labor force - non-labor force = 6,000,000 people - 2,000,000 people = 4,000,000 People TPAK = = 40% Thus, TPAK = 40% 4. Unknown: Population = 10,000,000 People Age < 15 years and > 64 years = 2,000,000 People Age 15 - 64 years = 5,000,000 People Asked : DR= ......... ? Answer : DR = lOMoARcPSD|26370826 DR == 40% So, DR = 40% 5. Unknown: Population = 8,000,000 people Age < 15 years = 2,000,000 people Age 15 - 64 years= 5,000,000 People Asked ............... : Answer : DR= ? DR = Non-productive Age = Population - Productive Age = 8,000,000 Souls - 5,000,000 Souls = 3,000,000 people DR == 60% So, DR = 60% 6. Unknown: DR= Age 15 - 64 years= 50% 4,000,000 Ask : a. Non-productive age =....? b. Total Population = .......? Answer : DR = 50% = = 50 x 4,000,000 People = 100 x UTP 200,000,000 Souls = 100UTP UTP = = 2,000,000 Souls Population = Productive age + Non-productive age = 4,000,000 Souls + 2,000,000 Souls = 6,000,000 Souls So, Non-Productive Age = 2,000,000 People and Population = 6,000,000 People 7. Unknown: Labor force = Labor force 4,000,000 Souls = 6,000,000 Souls Unemployment = 2,000,000 people Question : Unemployment Rate = ............ ? Answer : Unemployment rate = Unemployment Rate = = 50% So, Unemployment Rate = 50% 8. Unknown: Labor force = 4,000,000 Souls Labor force = 6,000,000 Souls Open unemployment = 1,000,000 lOMoARcPSD|26370826 Asked: Open Unemployment Rate = ? Answer: Open unemployment rate = Open unemployment rate = = 25% So, Open Unemployment Rate = 25% 9. Unknown: Labor force = 6,000,000 Souls Labor force = 8,000,000 Souls Hidden unemployment = 3,000,000 Souls Asked: Hidden Unemployment Rate = ? Answer : Hidden unemployment rate = Hidden Unemployment Rate = = 50% So, Hidden Unemployment Rate = 50% 10. Unknown: Labor force= 10,000,000 Souls Non-labor force= 5,000,000 Souls Unemployment= 2,000,000 Souls Asked : Unemployment Rate = ............ ? Answer : Unemployment rate = Labor force = Labor force - non-labor force = 10,000,000 Souls - 5,000,000 Souls = 5,000,000 Souls Unemployment Rate = = 40% So, Unemployment Rate = 40%