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 E 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 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. Number c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 2006. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal. Number
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 E 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 thousand unemployed workers stop looking for a job? Express your answer in percentage rounded to the nearest first decimal. Number c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 2006. What is the approximated duration of unemployment on average in months? Round your answer to the nearest first decimal. Number
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text: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 thousand unemployed workers stop looking for a
job? Express your answer in percentage rounded to the nearest first decimal.
Number
c. Using the above table, suppose that the 1.5% of the labour force become unemployed every month in 2006. What is the
approximated duration of unemployment on average in months? Round your answer to the nearest first decimal.
Number
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