But Labour force got smaller. Unemployment rate is unemployed/labour force
hence unemployment rate increased
im probably wrong as no one seems to support me :(
u times the cpi thingo with the percentage weighting thing
i dnt think its in a textbook so i think mainly the mathematicians got it right
i got housing
what was non-discretionary and discretionary parts of that budget :S
Labour force decreases but unemployed doesnt change cause the people retrenched are not actively seeking work and thus not in the unemployment figure. Hence unemployed stays same but labour force decreases
Unemployment rate= unemployed/labour force henceeeeeee unemployment rate would...
LOl yeh 12.c is right i didnt know if a higher hdi was good or bad :(
um yeh 19 i had problems with, but the level of unemployment would be the same and the labour force would be smaller. Thus unemployment rate would be higher .
for instance 1/3 < 1/2
is u/e rate unemployed /labour force...
I dont think you can say it was due to rise in interest rates.. I just said that borrowers would benefit as they are paying less interest on the loans that what they are really worth. Yeh my explanation is just as bad in the exam as it is here :(