a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year 1981 1986 1999 Pop Number 1979 2205 2012 Number Number 2855 LF 876 879 Number 1883 E 839 818 Number Number U 37 61 55 Number UR Number 6.94 5.802 Number PR Number 39.864 Number 42.65 Number ER b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 1986. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal. 37.098 Number 39.932
a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year 1981 1986 1999 Pop Number 1979 2205 2012 Number Number 2855 LF 876 879 Number 1883 E 839 818 Number Number U 37 61 55 Number UR Number 6.94 5.802 Number PR Number 39.864 Number 42.65 Number ER b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 1986. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal. 37.098 Number 39.932
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 7CQ
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Question
Transcribed Image Text:a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and
2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force
(LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the
employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the
empty cells. Round your answers to the nearest first decimal using the same measurement units.
Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287-
01)
Year
1981
1986
1999
Pop
Number
1979
2205
2012 Number
Number
2855
LF
876
879
Number
1883
E
839
818
Number
Number
U
37
61
55
Number
UR
Number
6.94
5.802
Number
PR
Number
39.864
Number
42.65
Number
ER
b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed workers stop looking for a
job? Express your answer in percentage rounded to the nearest first decimal.
c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 1986. What is the
approximated duration of unemployment on average in months? Round your answer to the nearest first decimal.
37.098
Number
39.932
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