Using the information displayed on the table below (numbers are in thousands), calculate the variables W, X, Y and Z. Clearly provide your workings and solution below. Australia-snapshot Employed Unemployed Labor force Not in labor force Working age population Participation rate Aug-23 14,108 X Y W Z 67.0% Employment-population ratio 64.5%

Using the information displayed on the table below (numbers are in thousands), calculate the variables W, X, Y and Z. Clearly provide your workings and solution below. Australia-snapshot Employed Unemployed Labor force Not in labor force Working age population Participation rate Aug-23 14,108 X Y W Z 67.0% Employment-population ratio 64.5%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 1 The working age population is 49 million, out of which 22 million are employed and 6 million are unemployed. What is the labor force participation? Express your answer as percentages, rounded to 2 decimal places if necessary (43.23% should be written as 43.23 not 0.43).
Please assist with the last question. Thank you.
Complete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratio
the Australian bureau of Stastistics(ABS) reported in May 2017 that the civilian population in Australia over 15 years of age was 20.8 million.of this population 20.8 million australians ,13.5 million were employed and 0.7 were unemployed. calculate Australians labor force and the number of people in the civilian population who were not in the labor force?also, with examples examine the causes of structural umployment in Australia
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
no handwritten notes
Macroeco Assign
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