Exercise 1

The he population of Ectenia is 100 people: 40 work full-time, 20 work half-time but would prefer to work

full-time, 10 are looking for a job, 10 would like to work but are so discouraged that they have given up

looking, 10 are not interested in working because they are full-time students, and 10 are retired.

What is the number of unemployed?

Using the numbers in the preceding question, what is the size of Ectenia's labor force?

(15 marks)

(10 marks)