Question: 5: Week 10 Question 1, (7 marks) The ABS reported that in September 2007, a cycle peak, the working-age population was 16,808,200, the labour force

5: Week 10 Question 1, (7 marks) The ABS reported that in September 2007, a cycle peak, the working-age population was 16,808,200, the labour force was 10,979,300, and employment was 10,514,600. Calculate for that quarter the labour force participation rate and the unemployment rate. (3.5 + 3.5 = 7 marks)

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