Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. In 2021, the Woodland Republic Bureau of Statistics publication indicated that the Consumer Price Index (CPI) of the country increased to 109.2 in 2021

a. In 2021, the Woodland Republic Bureau of Statistics publication indicated that the Consumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5 in 2020. Calculate Woodland Republic's inflation rate in 2021. b. The Woodland Republic's Population Secretariat published the following information in 2021: - Total population: 30 million - Labor force: 80% of the total population - Employed population: 21.5 million Use the information provided to answer the following questions: i. Calculate the population that is excluded from the labour force in Woodland Republic in 2021 and indicate at least four sectors that are excluded from labour force. ii. Calculate the Woodland Republic's unemployment rate in 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecopolitical Homelessness Defining Place In An Unsettled World

Authors: Gerard Kuperus

1st Edition

1317232704, 9781317232704

More Books

Students also viewed these Economics questions

Question

If two variables are correlated, they vary together ____.

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago

Question

Pay him, do not wait until I sign

Answered: 1 week ago