Question 2. In a given year, Ottawa has a total population of around 1 million. Suppose that 70 percent of the total population are adults. Assume that 20 percent of the adult population is not...

Extracted text: Question 2. In a given year, Ottawa has a total population of around 1 million. Suppose that 70 percent of the total population are adults. Assume that 20 percent of the adult population is not looking for a job and 70 percent of the adult population is employed. Compute the following: a. The size of Labour force b. Labour-force participation rate c. Unemployment rate