Question
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: (3 marks each; total 6 marks)
i. Unemployment rate.
ii. Labour force participation rate.
iii. Employment-to-population ratio.
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
