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% Figure 4: Macroeconomics data from Keynesian school Keynesian school Macroeconomics data Values Autonomous consumption $250 million Investment expenditure $200 million Government expenditure $360 million The marginal propensity to consume 0.65 A flat tax rate on income 0.3 Autonomous export $200 million Autonomous import $320 million Assumptions Import is autonomous only Prices are fixed in LOVE Republic