The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing outmillions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%.20192020Total population 15 years and overThose 15 years and over not in the labour force populationPart-time workers who wish to have full-time jobsPart-time workers who do not wish to have full-time jobs4.90 million4.90 million1.60 million1.60 million145,000435,000580,000120,000Discouraged workersWorkers with full-time jobsUnemployed members of the labour force360,000480,0001.40 million1.50 million180,000190,000a. The Selkirk's labour force population in 2019 ismillion while the labour force ismillion.The participation rate in 2019 is% and the official unemployment rate is%.The Selkirk's labour force population in 2020 ismillion while the labour force ismillion.esThe participation rate in 2020 is% and the official unemployment rate is%.b. Between 2019 and 2020 the Selkirk's official unemployment rate has (Click to select) v while the number of unemployed membersof the labour force has (Click to select) v.c. If the unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be2019 and% in% in 2020.

All A,B & C answers given below,

of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 2019 2020 population 15 years and over 15 years and over not in the labour force population cime workers who wish to have full-time jobs time workers who do not wish to have full-time jobs uraged workers rs with full-time jobs loyed members of the labour force 4.90 million 4.90 million 1.60 million 1.60 million 120,000 360,000 480,000 1.40 million 145,000 435,000 580,000 1.50 million 180,000 190,000 Selkirk's labour force population in 2019 is million while the labour force is million. participation rate in 2019 is % and the official unemployment rate is %. Selkirk's labour force population in 2020 is million while the labour force is million. participation rate in 2020 is % and the official unemployment rate is |%. ween 2019 and 2020 the Selkirk's official unemployment rate has (Click to select) v while the number of unemployed abour force has (Click to select) v e unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be und % in 2020.

of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 2019 2020 population 15 years and over 15 years and over not in the labour force population cime workers who wish to have full-time jobs time workers who do not wish to have full-time jobs uraged workers rs with full-time jobs loyed members of the labour force 4.90 million 4.90 million 1.60 million 1.60 million 120,000 360,000 480,000 1.40 million 145,000 435,000 580,000 1.50 million 180,000 190,000 Selkirk's labour force population in 2019 is million while the labour force is million. participation rate in 2019 is % and the official unemployment rate is %. Selkirk's labour force population in 2020 is million while the labour force is million. participation rate in 2020 is % and the official unemployment rate is |%. ween 2019 and 2020 the Selkirk's official unemployment rate has (Click to select) v while the number of unemployed abour force has (Click to select) v e unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be und % in 2020.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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