(R millions) employment employment (Thousands) population (Thousands) (Thousands) (Thousands) 1 120 1 462 480 2 480 3 200 2 139 1536 520 2 600 3 440 The employment coefficient for period 2 is (one decimal point) Answer: The question is based on the following data: Period Real GDP Formal Informal (R millions) employment employment Labour force (Thousands) (Thousands) (Thousands) 1 120 1 462 480 2 480 2 140 1818 574 2 600 The labour absorption rate for period 2 is (one decimal place) Answer: I Working age population (Thousands) 3 200 3448

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Question
(R millions)
employment employment
(Thousands) population
(Thousands) (Thousands)
(Thousands)
1
120
1 462
480
2 480
3 200
2
139
1536
520
2 600
3 440
The employment coefficient for period 2 is (one decimal point)
Answer:
The question is based on the following data:
Period
Real GDP
Formal
Informal
(R millions)
employment employment
Labour force
(Thousands)
(Thousands)
(Thousands)
1
120
1 462
480
2 480
2
140
1818
574
2 600
The labour absorption rate for period 2 is (one decimal place)
Answer:
I
Working age
population
(Thousands)
3 200
3448
Transcribed Image Text:(R millions) employment employment (Thousands) population (Thousands) (Thousands) (Thousands) 1 120 1 462 480 2 480 3 200 2 139 1536 520 2 600 3 440 The employment coefficient for period 2 is (one decimal point) Answer: The question is based on the following data: Period Real GDP Formal Informal (R millions) employment employment Labour force (Thousands) (Thousands) (Thousands) 1 120 1 462 480 2 480 2 140 1818 574 2 600 The labour absorption rate for period 2 is (one decimal place) Answer: I Working age population (Thousands) 3 200 3448
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