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Economic Principles

   

Added on  2023-04-21

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ECONOMIC PRINCIPLES
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Economic Principles_1

ECONOMIC PRINCIPLES
The relevant data to be used is highlighted below.
Source: ABS
All the questions below have been answered considering the seasonally adjusted figures for
February, 2019.
PART A
The size of the labour force would comprise of both employed persons as well as
unemployed persons.
Total size of the labour force (February 2019) = 12,763,400 + 664,300 = 13,427,300
PART B
Economic Principles_2

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