a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal places). Values in the table are reported in millions, except for percentages. Labour-Force Unemployment Participation Rate Adult Labour Country Population Force Employed Unemployed Rate Japan 108.12 63.79 3.20 France 25.98 2.45 56.4% Germany 69.17 39.75 8.08%

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal
places). Values in the table are reported in millions, except for percentages.
Labour-Force
Adult
Labour
Unemployment Participation
Country
Population
Force
Employed Unemployed
Rate
Rate
Jаpan
108.12
63.79
3.20
France
25.98
2.45
56.4%
Germany
69.17
39.75
8.08%
b. Why might a favourable change to the economy such as technological change or a
decrease in the price of imported oil be associated with an increase in frictional
unemployment?
Pa...
...
Transcribed Image Text:a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal places). Values in the table are reported in millions, except for percentages. Labour-Force Adult Labour Unemployment Participation Country Population Force Employed Unemployed Rate Rate Jаpan 108.12 63.79 3.20 France 25.98 2.45 56.4% Germany 69.17 39.75 8.08% b. Why might a favourable change to the economy such as technological change or a decrease in the price of imported oil be associated with an increase in frictional unemployment? Pa... ...
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