The following table lists the employment statistics of Canada for the years 2003-2007. Complete the table by filling out the missing values. (Round your arnswers to whole numbers while calculating number of workers and round your answers to one decimal place otherwise.) Labor force Unemployment rate (%) Employed Potential Not in labor participation rate (%) Year Labor force workers force workers 4,473,745 2003 16,026,920 17,345,152 21,818,897 7.6 2004 16,316,358 4,512,194 22,094,476 7.2 79.6 17,716,482 6.7 2005 16,529,478 22,365,880 79.2 2006 4,668,984 79.3 17,917,851 22,586,835 6.3 2007 80.1 17,190,272 4,552,053 18,287,523
The following table lists the employment statistics of Canada for the years 2003-2007. Complete the table by filling out the missing values. (Round your arnswers to whole numbers while calculating number of workers and round your answers to one decimal place otherwise.) Labor force Unemployment rate (%) Employed Potential Not in labor participation rate (%) Year Labor force workers force workers 4,473,745 2003 16,026,920 17,345,152 21,818,897 7.6 2004 16,316,358 4,512,194 22,094,476 7.2 79.6 17,716,482 6.7 2005 16,529,478 22,365,880 79.2 2006 4,668,984 79.3 17,917,851 22,586,835 6.3 2007 80.1 17,190,272 4,552,053 18,287,523
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
How do you complete the table?

Transcribed Image Text:The following table lists the employment statistics of Canada for the years 2003-2007. Complete the table by filling out the missing values. (Round your arnswers to
whole numbers while calculating number of workers and round your answers to one decimal place otherwise.)
Labor force
Unemployment rate
(%)
Employed
Potential
Not in labor
participation rate
(%)
Year
Labor force
workers
force
workers
4,473,745
2003
16,026,920
17,345,152
21,818,897
7.6
2004
16,316,358
4,512,194
22,094,476
7.2
79.6
17,716,482
6.7
2005
16,529,478
22,365,880
79.2
2006
4,668,984
79.3
17,917,851
22,586,835
6.3
2007
80.1
17,190,272
4,552,053
18,287,523
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education