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3. Adult Population 92 million Labour force 70 million Employed persons 67.50 million Discouraged workers 1.5 million a)
Posted: Sun May 08, 2022 8:49 am
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- 3 Adult Population 92 Million Labour Force 70 Million Employed Persons 67 50 Million Discouraged Workers 1 5 Million A 1 (35.31 KiB) Viewed 32 times
3. Adult Population 92 million Labour force 70 million Employed persons 67.50 million Discouraged workers 1.5 million a) From the above table calculate the following (to two decimal places): The unemployment rate (4 marks) The labour force participation rate (4 marks) b) Explain all of the following terms: (Discouraged workers 6) Marginally attached workers (mm) Underemployed workers (iv) The claimant count w The Labour Force Survey (15 marks) e) Briefly explain any three 'supply side' policy measures the government could take to try to reduce unemployment in the economy. (10 marks) . Using a suitable diagram explain how the natural rate of unemployment is determined. (17 marks) TOTAL 50 MARKS