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# ECO403 Macroeconomics Assignment No 01 Spring 2019 Solution & Discussion Due Date:28-05-2019

ECO403 Macroeconomics Assignment No 01 Spring 2019 Solution & Discussion Due Date:28-05-2019

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ECO403 solution

# SOLUTION Assignment No. 1 (ECO403 - Macroeconomics) Spring 2019

Thank you bro, very supportive but as per my little knowledge there is something wrong with the unemployment rate, ho we can calculate this rate within the whole population? I think first we need to calculate labor force with the sum of Employed persons and unemployed  persons, if any one agreed with my statement kindly justify.

You are right

Aoa

dear members , in unployment %age formula no of un employed persons divided by total labor force multiplied by 100,total labor force is unemployed plus employed persons,is it correct?

CATEGORIES OF THE POPULATION
• Employed: working at a paid job
• Unemployed: not employed but looking for a job
Labor force: the amount of labor available for producing goods and services; all
employed plus unemployed persons
• Not in the labor force: not employed, not looking for work.

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