1. a/Draw a tree diagram of the labor market and define each part of the market

(b) Stats Canada reported the following data for January 2000: Labor force: 15, 537,700,

Employment: 14, 339, 200, Working-age Population: 24 137 100. The number of involuntary

part-time workers is 800 000

Calculate:

(i) The number of people not in the labor force

(ii) The unemployment rate

(iii) The labor force participation rate

(iv) The employment-to-population rate

(v) The Involuntary part-time rate