Addvity
(real GDP)
2. There are 1 million people in Bozoland. Of these, 50,000 are children
under 16 along with 100,000 geriatrics/prisoners/mentally unfit people
that can't work. There are 500,000 people employed and 100,000
people unemployed. What labor force participation rate in Bozoland?
Additionally, how would you describe the productivity of Bozoland? Who
are the people who are affecting the economy the worst and what
number of the population do they make up?