Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table 2 shows the data relating to employment and labour status of Country A. Assume Country A follows the same methodology as the Australian Bureau

image text in transcribed
Table 2 shows the data relating to employment and labour status of Country A. Assume Country A follows the same methodology as the Australian Bureau of Statistics for collecting and reporting on labour statistics. Table 2. Employment and Labour status of Country A Labour force status Employed 190,000 Unemployed 20,000 Working-age population Not in the labour force 40,000 (a) Calculate the labour force. (1.25 marks) (b) Calculate the unemployment rate. (1.25 marks) (c) Work out the value of X. (1.25 marks) (d) Calculate the labour force participation rate (1.25 marks)

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

Step: 3

blur-text-image

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

Democracy And Public Administration

Authors: Richard C Box

1st Edition

1317473213, 9781317473213

More Books

Students also viewed these Economics questions