Question
1- The accompanying table provides data on the size of the labour force and the number of unemployed workers for the provinces and territories of
1- The accompanying table provides data on the size of the labour force and the number of unemployed workers for the provinces and territories of Canada.
| Labour force (thousands) | Unemployed (thousands) | |
| Province/Territory | January January 2019 2020 | January January 2019 2020 |
| Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Qubec Saskatchewan Yukon | 2,497.6 2,500.1 2,672.5 2,664.5 696.1 696.7 387.0 390.1 262.2 252.5 23.0 22.6 499.2 504.5 16.5 15.9 7,797.7 7,973.6 83.6 86.8 4,547.1 4,597.2 610.9 617.5 22.2 22.2 | 169.8 181.7 125.3 118.8 38.6 35.7 31.4 29.2 29.9 30.0 1.9 1.9 33.6 37.2 2.4 2.1 448.6 415.3 8.0 6.5 242.9 232.7 34.1 37.3 0.9 1.1 |
a) Calculate the number of workers employed in each province and territory in January 2019 and in January 2020. Use your answer to calculate the change in the total number of workers employed between January 2019 and January 2020. b) For each province and territory, calculate the growth in the labour force from January 2019 to January 2020. c) Compute the unemployment rate in each province and territory in January 2019 and January 2020.
2- The accompanying table provides the inflation rate in the year 2005 and the average inflation rate over the period 2006-2019 for eight different countries. (See the table after the questions.)
a) Given the expected relationship between average inflation and menu costs, rank the countries in descending order of menu costs using average inflation over the period 2006-2019. b) Rank the countries in order of inflation rates that most favoured borrowers with 10-year loans that were taken out in 2005. Assume that the loans were agreed upon with the expectation that the inflation rate for 2006 to 2019 would be the same as the inflation rate in 2005. c) Did borrowers who took out 10-year loans in Japan gain or lose overall versus lenders? Explain.
| Country | Inflation rate in 2005 | Average inflation rate in 2006-2019 |
| Brazil | 6.87% | 5.47% |
| Canada | 2.2% | 1.72% |
| China | 1.77 | 2.68 |
| France | 1.74 | 1.23 |
| Indonesia | 10.45 | 5.83 |
| Japan | 0.28 | 0.35 |
| Turkey | 8.18 | 9.53 |
| United States | 3.39 | 1.95 |
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Capital In The Twenty-First Century
Authors: Thomas Piketty, Arthur Goldhammer
1st Edition
067443000X, 9780674430006
