Question: Define labour force participation rate and explain why it is always less than 100%? 1Mark A news article stated that both the unemployment rate and

  1. Define labour force participation rate and explain why it is always less than 100%?1Mark

  1. A news article stated that both the unemployment rate and the labour force participation rate increased by 0.2 and 0.45 percent respectively.Is this positive news for the economy?Explain.2 Marks

  1. Discuss two ways the government can reduce structural unemployment and two ways it can reduce frictional unemployment.3 Marks

  1. A politician stated, "If our party wins the election, we will aim for an unemployment rate of zero percent".Is it realistic? Explain.1 Mark

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