The table below shows labour force information for a hypothetical economy, Assiniboia. Finding Participation and Unemployment...

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The table below shows labour force information for a hypothetical economy, Assiniboia. Finding Participation and Unemployment Rates in Assiniboia 2022 20.7 million 3.4 million 2.25 million 10.8 million 500,000 Total population 15 years and over Those 15 years and over not in the labour force population Workers with part-time jobs Workers with full-time jobs Unemployed members of the labour force a. Calculate Assiniboia's labour force population, labour force, participation rate, and official unemployment rate in 2022. Then, calculate values for the same variables in 2023. Enter your responses rounded to 1 decimal place. Labour Force Population Labour Force Participation Rate Official Unemployment rate 2022 million million % % 2023 2023 21.2 million 3.5 million 2.50 million 10.9 million 550,000 million million % % The table below shows labour force information for a hypothetical economy, Assiniboia. Finding Participation and Unemployment Rates in Assiniboia 2022 20.7 million 3.4 million 2.25 million 10.8 million 500,000 Total population 15 years and over Those 15 years and over not in the labour force population Workers with part-time jobs Workers with full-time jobs Unemployed members of the labour force a. Calculate Assiniboia's labour force population, labour force, participation rate, and official unemployment rate in 2022. Then, calculate values for the same variables in 2023. Enter your responses rounded to 1 decimal place. Labour Force Population Labour Force Participation Rate Official Unemployment rate 2022 million million % % 2023 2023 21.2 million 3.5 million 2.50 million 10.9 million 550,000 million million % %

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Step 1 Answer Formulas to be used 1 Labor force population Total population 15A years and above ... View the full answer