4. Consider the following information about Canadians. There are 28 million Canadians, 2.5 million lives in Atlantic Canada. There are 21 million of the Canadians employed across Canada. 2 million of the Canadians are working in Atlantic Canada. To qualify for E.I (employment insurance) in Canada, one must be unemployed. There are 1 million people across Canada living with E.I. while there are 0.2 million people in Atlantic Canada living with E.I. Define S = {Canadians}, A = {Employed}, B={Atlantic Canada}, C={E.I.} Draw the corresponding Venn diagram. Determine the following probabilities. a. Selecting a non-Atlantic Canada residence living with E.I. b. Selecting an employed Canadian in Atlantic Canada living with E.I. c. Selecting an unemployed Canadian in Atlantic Canada not receiving E.I. d. Selecting a non-E.I. receiver working outside Atlantic Canada.

4. Consider the following information about Canadians. There are 28 million Canadians, 2.5 million lives in Atlantic Canada. There are 21 million of the Canadians employed across Canada. 2 million of the Canadians are working in Atlantic Canada. To qualify for E.I (employment insurance) in Canada, one must be unemployed. There are 1 million people across Canada living with E.I. while there are 0.2 million people in Atlantic Canada living with E.I. Define S = {Canadians}, A = {Employed}, B={Atlantic Canada}, C={E.I.} Draw the corresponding Venn diagram. Determine the following probabilities. a. Selecting a non-Atlantic Canada residence living with E.I. b. Selecting an employed Canadian in Atlantic Canada living with E.I. c. Selecting an unemployed Canadian in Atlantic Canada not receiving E.I. d. Selecting a non-E.I. receiver working outside Atlantic Canada.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 16RQ: Assess whether the following would be counted as unemployed in the Current Employment Statistics...

See similar textbooks

Similar questions

8. T/F/U. The unemployment rate given that the number of employed workers is 180.5 million the number of non-working citizens is 76.856 million and the number of individuals no longer working and looking for a job is 70.8 million
1. Kelly spends most of her time taking care of her home and children, but she helps in her husband's computer software store 4 hours a day from Monday to Friday. Which category of employment status fits Kelly’s situation? 2. Ashton is 15 years old and helps out in his father’s grocery store 4 hours a day from Monday to Friday. Which category of employment status fits Ashton’s situation? 3. Justin is a full-time college student looking for a job. Which category of employment status fits Justin’s situation?
4.6M Filipinos jobless in July as unemployment worsens in Metro Manila - PSA Metro Manila (CNN Philippines, September 3)-Some 4.6 million Filipinos were out of work in July, slipping from an all-time high as lockdown rules were gradually eased, the Philippine Statistics Authority said Thursday. The PSA reported a 10 percent unemployment rate among Filipinos aged 15 and up, easing from 17.7 percet in April although still higher than the 5.4 percent level a year ago. National Statistician Dennis Mapa said in a media briefing that the relaxation of community quarantine rules allowved more Filipinos to return to work. However, unemployment was worse in Metro Manila at 15.8 percent or about 929,000 adults, surpassing the national average and rising from the 12.3 percent share of jobless residents for the region in April. Calabazon tallied about 886,000 unemployed, while Central Luzon had 552,000 jobless Filipinos, he added. These economic centers also count among the biggest number…
Typed plzzzx And Asap
Question 2. The Labour Force Survey is a monthly survey which measures the current state of the Canadian labour market. Into which of the three categories - employed, unemployed, not in the labour force - would an interviewer for the Labour Force Survey place each of the following people? Explain. a. Jennifer Temple is working as a second-grade schoolteacher. b. Frank Peabody is attending college full time to earn a degree in elementary education. c. Martin Hampton is working as a high school social science teacher, but is at home sick with the flu. d. Kyle Brown does not currently have a job. He wants to be an elementary schoolteacher. He has the appropriate degree. He has not looked for a position in the last month because he doesn't believe schools are currently hiring. e. Brenda Dewey does not currently have a job. She has sent her resume to several school districts in the past week in the hope of finding a teaching position.
16. Assess whether the following would be counted as "unemployed" in the Current Employment Statistics survey. A. A husband willingly stays home with children while his wife works. B. A manufacturing worker whose factory just closed down. C. A college student doing an unpaid summer internship. D. A retiree. E. Someone who has been out of work for two years but keeps looking for a job. F. Someone who has been out of work for two months but isn't looking for a job. G. Someone who hates her present job and is actively looking for another one. H. Someone who decides to take a part time job because she could not find a full time position.
Economics
38 The table below shows the composition of GDP in the U.S. in 2016 according to the income approach and the expenditure approach. VWe also know that labour income in the U.S. in 2016 was 60% of GDP. Are the following statements about the U.S. in 2016 then true or not true? 1. Compensation of employees in 2016 was 60% of GDP and operating surplus and mixed income in 2016 was 33.3% of GDP (Le. z - 60 and az = 33.3). 2. As private consumption was higher than labour income in 2016, private saving was negative in 2016. The composition of GDP (in percent, 2016) Income approach: • taxes less subsidies on production and imports: 6.7 • compensation of employees: • operating surplus and mixed income: Expenditure approach: • private consumption: • gross capital formation: • government consumption: • net exports: 68.5 20.4 14.3 -2.8 Source: OECD Statement I is true; statement II is true. Statement I is true: statement Il is not true. Income approach: • taxes less subsidies on production and…
From 1900 to 1901, unemployment fell because between 1901 and 1902, unemployment fell because Table 7.11 1900 1901 1902 Labour Force Unemployment 28,000 4,000 31,000 29,000 3,000 2,000 and Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a the number of jobs increased more than the labour force; the labour force fell more than the number of jobs fell the number of jobs increased more than the labour force; the labour force fell, but the number of jobs increased the labour force increased more than the number of jobs; the labour force fell, but the number of jobs increased the labour force increased more than the number of jobs; the number of jobs increased more than the labour force
a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 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 1998, 2006, 2009 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year Pop LF U UR PR ER 1998 10040 8171 7467 704 Number Number Number 2006 11060 9076 8482 594 6.545 82.061 76.691 2009 11413 Number Number 904 9.692 Number Number 2012 Number 9514 Number Number Number 81.316 74.94 b. Using the above table, what is the new unemployment rate in 2006 if 20…
Assess whether the following would be counted as “unemployed” in the Current Employment Statistics survey. a. A husband willingly stays home with children while his wife works. b. A manufacturing worker whose factory just closed down. c. A college student doing an unpaid summer internship. d. A retiree. e. Someonewhohasbeenoutofworkfortwoyears but keeps looking for a job. f. Someone who has been out of work for two months but isn’t looking for a job. g. Someone who hates her present job and is actively looking for another one. h. Someone who decides to take a part time job because she could not find a full time position.
Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?