Question
In 2021, the Woodland Republic Bureau of Statistics publication indicated that theConsumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5
In 2021, the Woodland Republic Bureau of Statistics publication indicated that theConsumer 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.
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:
Calculate the population that is excluded from the labor force in the Woodland Republic in 2021 and indicate at least four sectors that are excluded from the labor force.
Calculate the Woodland Republic's unemployment rate in 2021
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