The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 2019 4.90 million 1.60 million 2020 Total population 15 years and over Those 15 years and over not in the labour force population Part-time workers who wish to have full-time jobs Part-time workers who do not wish to have fu11-time jobs Discouraged workers Workers with full-time jobs Unemployed members of the labour force 4.90 million 1.60 million 120,000 360,000 480,000 145,000 435,000 580,000 1.50 million 1.40 million 180,000 190,000 a. The Selkirk's labour force population in 2019 is million while the labour force is million. The participation rate in 2019 is % and the official unemployment rate is %. The Selkirk's labour force population in 2020 is million while the labour force is million. The 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) the labour force has (Click to select) v while the number of unemployed members of c. If the unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be % in 2019 and % in 2020.
The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 2019 4.90 million 1.60 million 2020 Total population 15 years and over Those 15 years and over not in the labour force population Part-time workers who wish to have full-time jobs Part-time workers who do not wish to have fu11-time jobs Discouraged workers Workers with full-time jobs Unemployed members of the labour force 4.90 million 1.60 million 120,000 360,000 480,000 145,000 435,000 580,000 1.50 million 1.40 million 180,000 190,000 a. The Selkirk's labour force population in 2019 is million while the labour force is million. The participation rate in 2019 is % and the official unemployment rate is %. The Selkirk's labour force population in 2020 is million while the labour force is million. The 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) the labour force has (Click to select) v while the number of unemployed members of c. If the unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be % in 2019 and % in 2020.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 1P
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The table below shows labour force information for a hypothetical economy, Selkirk. Answer the following questions, writing out
millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%.
2019
2020
Total population 15 years and over
Those 15 years and over not in the labour force population
Part-time workers who wish to have full-time jobs
Part-time workers who do not wish to have full-time jobs
4.90 million
4.90 million
1.60 million
1.60 million
Discouraged workers
Workers with full-time jobs
Unemployed members of the labour force
120,000
360,000
480,000
145,000
435,000
580,000
1.50 million
1.40 million
180,000
190,000
a. The Selkirk's labour force population in 2019 is
million while the labour force is
million.
The participation rate in 2019 is
% and the official unemployment rate is
%.
The Selkirk's labour force population in 2020 is
million while the labour force is
million.
The 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) while the number of unemployed members of
the labour force has (Click to select) v
c. If the unemployment rate included underemployed and discouraged workers, the Selkirk's unemployment rate would be
2019 and
|% in
% in 2020.
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