principle of ecnonmy answer please asoon as possible Generally, labour market is positively associated with the economic performance.Hence, the implementation of Malaysia National Recovery Plan (NRP) has allowedsome flexibility for economic and services activities to resume in line with the NRP'sphases. This targeted strategy has brought some light for the labour market to recoverprogressively. With the permission for more business activities to reopen under Phase1 along with transitions of some states into Phase 3 and Phase 4, more labour marketactivities are foreseen in the upcoming months. Nonetheless, due to uncertain publichealth situation, the challenges to the labour market may persist. On this note,collaboration and awareness of the whole nation comprising of individuals,community as well as business are crucial to ensure heard immunity can be achieved,thus will be able to revive the country's economyand labour market.Q3(a)Table Q3(a) shows the total population, labour force and totalemployment ofMalaysia in 2019, 2020 and 2021 (in thousands).Table Q3(a): Malaysia total population, labour force and total employment201920202021Total population180001850018700Labour force6834.17046.57527.9Total employment6350.86848.96621.0(i)Calculate the unemployment rate for the years 2019, 2020 and 2021.(ii)State the year was the unemployment rate is highest based on theanswer inQ3(a)(i).

Unemployment rate = [Total unemployment / Labor force] * 100

Table Q3(a) shows the total population, labour force and total employment ofMalaysia in 2019, 2020 and 2021 (in thousands). (a) Table Q3(a): Malaysia total population, labour force and total employment 2019 2020 2021 Total population Labour force 18000 18500 18700 6834.1 7046.5 7527.9 Total employment 6350.8 6621.0 6848.9 (i) Calculate the unemployment rate for the years 2019, 2020 and 2021. (ii) State the year was the unemployment rate is highest based on the answer in Q3(a)(i).

Table Q3(a) shows the total population, labour force and total employment ofMalaysia in 2019, 2020 and 2021 (in thousands). (a) Table Q3(a): Malaysia total population, labour force and total employment 2019 2020 2021 Total population Labour force 18000 18500 18700 6834.1 7046.5 7527.9 Total employment 6350.8 6621.0 6848.9 (i) Calculate the unemployment rate for the years 2019, 2020 and 2021. (ii) State the year was the unemployment rate is highest based on the answer in Q3(a)(i).

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 3E: Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where...

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