1.During 2019 two Canadian cities had unemployment characteristics as follows: Alpha : Half the town's labour force...
Fantastic news! We've Found the answer you've been seeking!
Question:
1.During 2019 two Canadian cities had unemployment characteristics as follows:
Alpha: Half the town's labour force was unemployed at some point during the year. Those who were unemployed were unemployed for about 5 weeks on average throughout the year.
Beta:About 10% of the labour force was unemployed at some time during the year. Those who were unemployed were unemployed for about 8 months on average.
a)Calculate the annual unemployment rate for 2019 for Alpha.4 Marks
b)Calculate the annual unemployment rate for 2019 for Beta. 4 Marks
c)In which city did unemployed workers experience greater economic hardship?Explain why. 2 Mark
Posted Date: