Question 1 (Part (a)

First, gather the data on

• -"Average annual hours worked per employee" via https://data.oecd.org/emp/hours- worked.htm.
• -"Average annual household disposable income (gross adjusted, USD/per capita)" via
• https://data.oecd.org/hha/household-disposable-income.htm
• for Australia in 2009 and 2019. Then, fill out the following following table according to the assumptions made in part (7) of Specific Requirements and show your working.

Part (a) Avg. Annual Avg. Annual household Avg. Avg. Avg. free Avg. hrs worked disposable annual time per consumption per employee wage income free time day per day Australia 2009 1,767.00 31,103.00 17.60 6,993.00 19.16 85.21 Australia 2019 1,722.00 41,194.00 23.92 7,038.00 19.28 112.86