Question: 2. The labour force data for Eturia (in millions) are shown in Table 4.10. 2015 2016 2017 Population 20 21 22.05 Working-age population 12 12.5
2. The labour force data for Eturia (in millions) are shown in Table 4.10. 2015 2016 2017 Population 20 21 22.05 Working-age population 12 12.5 12.8 Labour force 8.4 9 9.2 Unemployed 0.7 0.8 0.85 CPI (2002 = 100) 108.2 109 110.3 TABLE 4.10 a) What are the (labour force) participation rates in 2015, 2016 & 2017? b) What are the unemployment rates in 2015, 2016 & 2017? c) Calculate the annual inflation rate in 2016 & 2017 d) Calculate the percentage increase in population in 2016 & 2017 e) If the population continues to increase at this rate, how long will it take for the population to double?
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