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Employment

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Question 12

The table below shows demographic and labour market data for a hypothetical economy.

Population categoryNumber (millions)
Population aged under 1612.0
Population aged 65 and over10.0
Population of working age (16–64)38.0
— of which are employed24.0
— of which are unemployed2.0
— of which are economically inactive12.0
Total population60.0

Based on these data, which one of the following is the correct demographic dependency ratio and the Labour Force Survey (LFS) unemployment rate for this economy?

Dependency ratio: 36.7%36.7\%36.7%; Unemployment rate: 5.3%5.3\%5.3%

Dependency ratio: 57.9%57.9\%57.9%; Unemployment rate: 7.7%7.7\%7.7%

Dependency ratio: 57.9%57.9\%57.9%; Unemployment rate: 5.3%5.3\%5.3%

Dependency ratio: 36.7%36.7\%36.7%; Unemployment rate: 7.7%7.7\%7.7%

Employment Questions

  1. A Level
  2. /Economics
  3. /Employment