Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour force to the nearest whole number Round your response for employment-population ratio to one decimal place.) Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio Value 19,359,300 8.5% 66.5% %
Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour force to the nearest whole number Round your response for employment-population ratio to one decimal place.) Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio Value 19,359,300 8.5% 66.5% %
Chapter1: Making Economics Decisions
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
Transcribed Image Text:### Labour Force Survey Data - October 2015
The table below contains data collected in a labour force survey for a particular region in October 2015. Please fill in the missing values. Note that responses for unemployment and labour force figures should be rounded to the nearest whole number. The employment-population ratio should be rounded to one decimal place.
| Working Age Population | Value |
|-----------------------------|--------------|
| Employment | 19,359,300 |
| Unemployment | |
| Unemployment Rate | 8.5% |
| Labour Force | |
| Labour Force Participation Rate | 66.5% |
| Employment-Population Ratio | % |
**Explanation for Calculations:**
1. **Unemployment:**
- Formula: Unemployment Rate = (Unemployment / Labour Force) * 100
- Rearranged: Unemployment = (Unemployment Rate * Labour Force) / 100
2. **Labour Force:**
- Formula: Labour Force = Employment + Unemployment
3. **Labour Force Participation Rate:**
- Formula: Labour Force Participation Rate = (Labour Force / Working Age Population) * 100
4. **Employment-Population Ratio:**
- Formula: Employment-Population Ratio = (Employment / Working Age Population) * 100
**Note:**
For accurate calculations, be sure to compute using the given decimal points and then round off the final figures as instructed.
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