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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%. 2014 2015 Total population 15 years and over 5.40 million 5.40 million Those-15 years and over not in the labour force 1.80 million 1.80 million populatlon Parttime workers who wish to have fulltime jobs 135,000 160,000 thaSrttime workers who do not wish to have full-time 410,000 485,000 Discouraged workers 545,000 645,000 Workers with fulltimejobs 1.50 million 1.60 million Unemployed members ofthe labour force 180,000 190,000 a. The labour force population in 2014 is million while the labour force is mill'on. The participation rate in 2014 is 96 and the official unemployment rate is %. The labour force population in 2015 is million while the labour force is million. The participation rate in 2015 is '36 and the ofcial unemployment rate is |:| '36. b. Between 2014 and 2015 the official unemployment rate has decreased while the number of unemployed members of the labour force has increased c. If the unemployment rate included underemployed and discouraged workers, the unemployment rate would be % in 2014 and % in 2015
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