Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data was extracted from a past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000 Working-age population: 18,462,000 Using the

The following data was extracted from a past labour force survey conducted by the ABS:

Labour force: 12,092,000

Employment: 11,457,000

Working-age population: 18,462,000

Using the above data appropriately calculate the following:

i. Unemployment rate.

ii. Labour force participation rate.

iii. Employment-to-population ratio

just need help answering this question, doesn't have to be a lengthly response. thank you!

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

Essentials of Econometrics

Authors: Damodar Gujarati, Dawn Porter

4th edition

73375845, 978-0071276078, 71276076, 978-0073375847

More Books

Students also viewed these Economics questions