Question

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about  a. 65.5% and 13.4%  b. 65.5% and 8.8%  c. 56.7% and 13.4%  d. 56.7% and 8.8%

Answer 1

Answer:

The correct answer is A.

Explanation:

Giving the following information:

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million.

Labor force= 25.4/38.8= 65.5%

Unemployment rate= 3.4/25.4= 13.4%