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Calculation of unemployment rate and comment. The following graph shows Australia's unemployment rate from July 2018 to July 2019. -5.3 5.2 5.252 5.2 5.2 5.1

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Calculation of unemployment rate and comment. The following graph shows Australia's unemployment rate from July 2018 to July 2019. -5.3 5.2 5.252 5.2 5.2 5.1 5.1 -5.1 4.9 4.8 Oct 2018 Jan 2019 Apr 2019 Jul 2019 SOURCE: TOECONOMICS.COM AUSTRALIA BUREAU OF STATS What is the average unemployment rate per month from October 2018 to July 2019? (3 marks) Explain how unemployment rate is calculated in Australia and briefly discuss two negative effects of unemployment to the individual. (3 marks; 4 marks) Carda tonths CALTACI Dr MITCHACINIM Save At Answers Save and 54 Click Save and Submit to save and submit. Click Save All Answers to save all answers

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