Question 5

i. According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6 million. The adult population over the age above 15 years was reported to be about 21.3 million and the labour force is 16.5 million. The population employed was about 13.4 million. Following this information;a. What is the population of the people that is not included in the labour force? Show your work.

b. Calculate the percentage of the people employed and the unemployment rate in Australia. Show your work.

c. Currently unemployment has increased in Australia. What are the 2 main causes of increasing unemployment in Australia. Your answer should be based on the case study used during this trimester and current events events.

ii. Examine the causes of at least two (2) main types of inflation