Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with the following question: 1) Choose the correct answer If there is a total age 15+ population in the country of 20 million

Please help with the following question:

1) Choose the correct answer

If there is a total age 15+ population in the country of 20 million people, 40% of whom do not participate in the labour force and the number of employed people is 10 million, calculate:

a) the total labour force

8 million, 12 million, 10 million or 14 million

b) the total number of unemployed

10 million, 8 million, 2 million or 12 million

c) the unemployment rate

16.67%, 33.33%, 40% or 50%

2) a) Fill out the following tables in your test booklet by filling in the missing values. Show your calculations below the tables.

image text in transcribed
good Q2012 P2012 MBC2012 P2013 MBC2013 P2014 MBC2014 apples 200 1.5 oranges 250 2 3 6 total 2012 2013 2014 Price Index (2012 Base Year) Price Index (2013 Base Year) 2012 to 2013 2013 to 2014 Inflation rate

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_2

Step: 3

blur-text-image_3

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

Understanding Business

Authors: William NickelsJames McHughSusan McHugh

12th Edition

1259929434, 9781259929434

More Books

Students also viewed these Economics questions