QUESTION 2 Table 2 shows the data relating to employment and labour status of Country A. Assume Country A follows the same methodology as the Australian Bureau of Statistics for collecting and reporting on labour statistics. Table 2. Employment and Labour status of Country A Labour force status Employed Unemployed Working-age population Not in the labour force (a) Calculate the labour force. (b) Calculate the unemployment rate. (c) Work out the value of x (d) Calculate the labour force participation rate 155,000 25,000 x 20,000

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