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Questions and Answers
What does a high labour force participation rate indicate?
What does a high labour force participation rate indicate?
High labour force participation rate indicates that most people are participating in the labour market.
Explain why the unemployment rate might increase over time.
Explain why the unemployment rate might increase over time.
The unemployment rate may increase over time due to factors like economic growth, population growth, and increasing LFPR rates.
What is the formula for calculating the unemployment rate?
What is the formula for calculating the unemployment rate?
Unemployment Rate (UR) = (Number of unemployed persons / Labour force) * 100
Why does the international definition of unemployment rate exclude discouraged job seekers?
Why does the international definition of unemployment rate exclude discouraged job seekers?
How is the employment rate calculated?
How is the employment rate calculated?
What does a low employment rate indicate about a country?
What does a low employment rate indicate about a country?
How does economic growth impact the labour force participation rate?
How does economic growth impact the labour force participation rate?
What is the significance of population growth in relation to LFPR?
What is the significance of population growth in relation to LFPR?
Explain why Botswana uses the international definition to calculate its unemployment rate.
Explain why Botswana uses the international definition to calculate its unemployment rate.
What does the employment rate measure?
What does the employment rate measure?
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