Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses below rounded to one decimal place. Population (millions) Working-age population Labour force Unemployed CPI (2002/100) 2018 30 23 7 0.5 108 a. What are the labour force participation rates in each year? The labour force participation rate for 2018 is b. What are the unemployment rates in each year? The unemployment rate for 2018 is 2019 32 17.5 7.4 0.68 111 %. for 2019 is %, for 2019 is 2020 34.15 27.0 9 0.7 116 %, for 2020 is %, for 2020 is %. 96, %. c. What are the annual inflation rates in the years 2019 and 2020? The annual inflation rate in the year 2019 is % and for 2020 is d. What was the percentage increase in population in the years 2019 and 2020? The percentage increase in population in the year 2019 is % and in 2020 is %. e. If the population continues to increase at this rate, how long will it take for the population to double? It will take about years for the population to double.

Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses below rounded to one decimal place. Population (millions) Working-age population Labour force Unemployed CPI (2002/100) 2018 30 23 7 0.5 108 a. What are the labour force participation rates in each year? The labour force participation rate for 2018 is b. What are the unemployment rates in each year? The unemployment rate for 2018 is 2019 32 17.5 7.4 0.68 111 %. for 2019 is %, for 2019 is 2020 34.15 27.0 9 0.7 116 %, for 2020 is %, for 2020 is %. 96, %. c. What are the annual inflation rates in the years 2019 and 2020? The annual inflation rate in the year 2019 is % and for 2020 is d. What was the percentage increase in population in the years 2019 and 2020? The percentage increase in population in the year 2019 is % and in 2020 is %. e. If the population continues to increase at this rate, how long will it take for the population to double? It will take about years for the population to double.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

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