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Suppose the Australian Bureau of Statistics in 2021 reported as follows: The Armed forces, children below 15 years, the disabled and retired population were 12.2
- Suppose the Australian Bureau of Statistics in 2021 reported as follows:
- The Armed forces, children below 15 years, the disabled and retired population were 12.2 million of the Australian population
- Total population: 26.6 million
- Adult Australians employed: 13.6 million
Based on this information, answer the questions below
- Calculate Australia's labour force in 2021 (2 marks)
Calculate Australia's unemployment rate in 2021
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
