The population of Quebec is 8 million, with 6.5 million in the labor force. Of those, 6 million are employed, 250,000 are unemployed but seeking work, and another 250,000 are unemployed but expecting recall from layoff. The labor force participation rate is 6.5 million/8 million = 81.25%. The unemployment rate is (250,000 + 250,000)/6.5 million = 5%.

1. Question 17 The population of Quebec is approximately 8 million. Suppose that 6.5 million
individuals are part of the labour force and 1 million are considered to be not in the labour force.
There are 6 million individuals who are employed, 0.25 million individuals unemployed but
actively seeking work and 0.25 million individuals unemployed but expecting a recall from a
layoff. Given this information, answer the following questions: A) Calculate the Labor Force
Participation Rate. B) Calculate the Unemployment Rate.