Question
The table below shows labour force information for a hypothetical economy. Answer the following questions, writing out millions of workers to two decimal places e.g.
The table below shows labour force information for a hypothetical economy. Answer the following questions, writing out millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%.
20142015Total population 15 years and over3.30 million3.30 millionThose 15 years and over not in the labour force population1.10 million1.10 millionPart-time workers who wish to have full-time jobs80,000105,000Part-time workers who do not wish to have full-time jobs240,000315,000Discouraged workers320,000420,000Workers with full-time jobs0.90 million1.00 millionUnemployed members of the labour force100,000110,000
a. The labour force population in 2014 ismillion while the labour force ismillion.
The participation rate in 2014 is% and the official unemployment rate is%.
The labour force population in 2015 ismillion while the labour force ismillion.
The participation rate in 2015 is% and the official unemployment rate is%.
b. Between 2014 and 2015 the official unemployment rate has(Click to select)
decreased
increased
while the number of unemployed members of the labour force has(Click to select)
increased
decreased
.
c. If the unemployment rate included underemployed and discouraged workers, the unemployment rate would be% in 2014 and% in 2015.
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