Answer to Question #145123 in Macroeconomics for December

Question

Questions 52 and 53 are based on the following table showing the key labour market indicators in
South Africa:
Number of persons (‘000)
Population 15-64 yrs 38 134
Labour force 22 668
Employed 16 529
Unemployed 6 139
Discouraged work-
seekers
2 841
52. The unemployment rate (using the strict definition) in South Africa is… (rounded to two decimals
after the comma).
[1] 54,33%
[2] 35,20%
[3] 37,14%
[4] 27,08%
53. The unemployment rate (using expanded definition) in South Africa is… (rounded to two
decimals after the comma).
[1] 54,33%
[2] 35,20%
[3] 37,14%
[4] 27,08%

Answer 1

52. The unemployment rate (using the strict definition) in South Africa is:

$U = 6139/22668×100 = 27.08$ %.

So, the correct answer is [4] 27.08%.

53. The unemployment rate (using expanded definition) in South Africa is:

$U = \frac{6139 + 2841} {22668 + 2841} ×100 = 35.2$ %.

So, the correct answer is [2] 35.20%