The labor-force participation rate is computed as (Employed+ Adult Population) x 100. O (Labor Force + Adult Population) 100. O (Adult Population + Labor Force) x 100. O (Employed + Labor Force) x 100.

The labor-force participation rate is computed as (Employed+ Adult Population) x 100. O (Labor Force + Adult Population) 100. O (Adult Population + Labor Force) x 100. O (Employed + Labor Force) x 100.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 7QP

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The labor-force participation rate is computed as
O (Employed + Adult Population) x 100.
O (Labor Force + Adult Population) ☐ 100.
O (Adult Population + Labor Force) x 100.
O (Employed + Labor Force) x 100.

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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…