Tutorial Assignment 2
Due 10 May 2016 (in lecture)
1.How is the unemployment rate calculated in Australia? (Include the definition of the labour force, and the technical definition of an unemployed person.)
2.Graph the unemployment rate and labour force participation rates in Australia from 1990 (ensure you provide a reference of your information source).
3.Since 1990, identify the highest, lowest, and the most recent reports unemployment levels.
4.What is the minimum wage rate (in $/hour) for the youngest legal working age, an 18 year old, and a 25 year old.
5.Is it possible for the labour force participation rate and the unemployment rate to increase or decrease simultaneously? Explain.
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