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A country has a total population of 50 million. Of this total, 10 million people are under the age of 15, and 5 million people are aged 65 and over. Based on this information, what is the size of the country's working-age population?
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Economics
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Introduction to Macroeconomics Course
Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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Participation Rate
Employment Rate
Classification of the Working-Age Population
A country has a total population of 50 million. Of this total, 10 million people are under the age of 15, and 5 million people are aged 65 and over. Based on this information, what is the size of the country's working-age population?
Analyzing Demographic Trends
Critique of the Working-Age Population Definition
An individual is counted as part of the working-age population only if they are within the standard age range (typically 15-64) and are also actively participating in the job market (either employed or looking for work).