In 2019 in Japan, based on concepts similar to those used to compute Canadian employment statistics, the unemployment rate was about 4.4 percent, the labour force participation rate was about 60 percent, and the adult population was about 130 million. How many people were employed?
A) about 5.7 million
B) about 64.0 million
C) about 74.6 million
D) about 124.3 million

Question

Quizplus · Accepted Answer

- The labour force participation rate of 60 percent implies that there were 78 million people in the labour force (60 % of 130 million)
- If the unemployment rate was 4.4 percent, this means that 3.42 million people were unemployed (4.4% of 78 million)
- Therefore, the number of employed people is roughly 74.6 million (78 million - 3.42 million).

In 2019 in Japan, Based on Concepts Similar to Those