In December 2002,Kwaki Had a Labour Force of 14,757,000,employment of 13,097,000,and

question 4

Essay

In December 2002,Kwaki had a labour force of 14,757,000,employment of 13,097,000,and there were 7,994,000 people not in the labour force (all numbers rounded to the nearest 1000).
a.Calculate the unemployment rate.
b.Calculate the participation rate.
c.Calculate the employment ratio.

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Definitions:

Distributive Unfairness

Distributive unfairness occurs when resources or outcomes are distributed in a manner that is perceived as unequal or unjust among the involved parties.

Procedural Unfairness

A perception of injustice resulting from the processes and methods used in decision-making or dispute resolution.

Satisfaction

The feeling of contentment or fulfillment resulting from achieving one's desires, expectations, or needs.

Disfranchised

Individuals or groups deprived of certain rights or privileges, often used in the context of voting rights.