1.3 Use the 2020 Department of Manpower data given above and calculate the following(figure 3):

a. The number of people that are part of the Labour force in the year 2020. (3 Marks)

b. The number of people that are part of the absorption rate and therefore employed in the year 2020. (3 Marks)

c. The unemployment rate in the year 2020. (3 Marks) d. Calculate the percentage change in the unemployment rate between 2019 and 2020. (2 Marks)

use the below attached figure to answer all the above questions. picture referenced from my paper.

Figure 3: 2020 Department of manpower data Department of Manpower Labour force participation rate 72.6% Working age population 4 120 000 Absorption rate 62.2% Unemployment rate in year 2019 20.5%