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(b) Labour force data for Pandora are given in the below table. Answer the questions given below using the data in the table. Calculate your
(b) Labour force data for Pandora are given in the below table. Answer the questions given below using the data in the table. Calculate your answers rounding them to one decimal place. 2018 2019 2020 Population 1000 1200 1600 Labour force 200 210 300 Working-age 300 300 population 320 unemployed 25 30 40 CPI (2002=100) 102 105 107 1) What is the unemployment rate for year 2019? (2 marks) (ii) Explain three types of unemployment seen in an economy. (6 marks) (iii) What are the annual inflation rates in the years 2020? (2 marks)
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