Question #21

In February 2009, the unemployment rate was 5.7 per cent. If over the next 12 months GDP growth is -1 per cent (as expected), and the labour force growth slows to 1.6 per cent per annum and labour productivity growth is a flat 0.5 per cent per annum, then we would expect the unemployment in February 2010 to be approximately

• 8.8 per cent
• 7.8 per cent
• 6.8 per cent.

Answer #164

Answer: 8.8 per cent

Explanation

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