Answer to Question #127282 in Microeconomics for samantha

Question

In 1867, the government employed 6% of the country’s workers. Since then, the country’s labour force has been growing an average 0.5% a year while the government’s employment has been growing an average 1% a year. What is the share of the government employment in the country’s labour force by 2011?

Answer 1

Let us consider the dynamics of employed in the public sector and labor resources according to the condition of the problem. The following are the elements of the calculations performed in the Excel spreadsheet to accomplish this task.

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According to the calculations performed, labor resources increased by 106.1%, and the number of employees in the public sector is 25.4%, which is 19.4% more than in 1867.