Help Save &E The table below shows labour force information for a hypothetical economy, Assiniboia Finding Participation and Unenploynent Rates in Assinibois Total population 15 years and over Those 15 years and over not in the labour force population Morkers with part-time fobs Morkers with full-tine jobs Uneeployed meabers of the labour fore 2019 21 11lion 2020 21.4 willion 3.1 million 3.0million 1.75 illior 10.3 willion 500,000 2.00 million 10.4 million 350,000 a. Calculate Assiniboia's labour force population, labour force, participation rate, and official unemployment rate in 2019. Then calculate values for the same variables in 2020. Enter your responses rounded to t decimal place 2019 2010 Labour Force Population nillion million Labour Force alllion alllion Participation Rate official Unenploynent rate b. Has Assiniboia's official unemployment rate risen or fallen between 2019 and 2020? Has the number of unemployed memibers of the workforce risen or fallen during this same period? Assiniboia's official unemployment rate Click to select) Number of unemployed members of the workforce (Click to seloct)
Help Save &E The table below shows labour force information for a hypothetical economy, Assiniboia Finding Participation and Unenploynent Rates in Assinibois Total population 15 years and over Those 15 years and over not in the labour force population Morkers with part-time fobs Morkers with full-tine jobs Uneeployed meabers of the labour fore 2019 21 11lion 2020 21.4 willion 3.1 million 3.0million 1.75 illior 10.3 willion 500,000 2.00 million 10.4 million 350,000 a. Calculate Assiniboia's labour force population, labour force, participation rate, and official unemployment rate in 2019. Then calculate values for the same variables in 2020. Enter your responses rounded to t decimal place 2019 2010 Labour Force Population nillion million Labour Force alllion alllion Participation Rate official Unenploynent rate b. Has Assiniboia's official unemployment rate risen or fallen between 2019 and 2020? Has the number of unemployed memibers of the workforce risen or fallen during this same period? Assiniboia's official unemployment rate Click to select) Number of unemployed members of the workforce (Click to seloct)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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