Back to Assignment Attempts Keep the Highest / 5 1. Measuring employment, unemployment, and labour force participation Consider a small economy composed of six people: Rajiv, Simone, Yakov, Ana, Dina, and Charles. Each person's employment status is described in the following table. Based on the criteria used by Statistics Canada, identify each person's status as "Employed", "Unemployed", "Not in the labour force" if not in the civilian labour force but still part of the adult population, or "Not in the adult population" if not in the civilian adult population. Person Status Rajiv is a 47-year-old autoworker who was laid off from his job six months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only three hours of work. Simone is a 29-year-old professional basketball player. She finished her last season as a player three weeks ago and is currently interviewing for a coaching position. Yakov is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that, a couple of months ago, he gave up on his job search. Dina is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to graduate school. She made that decision a few months ago. Charles is a famous novelist. He is spending the summer at his lake house in Muskoka, doing a little writing each day but mostly spending his time gardening and reading. Ana is a 11-year-old student at West Valley Middle School. She babysits her younger sister and does other chores for which her parents give her an allowance of $30 per week.Complete the right half of the following equation to reflect the labour force participation rate reported by Statistics Canada. Labour Force Participation Rate = According to this formula, what is the labour force participation rate of this economy of six people? O 33.33% 40% 50% 60% Complete the right half of the following equation to reflect the unemployment rate reported by Statistics Canada. Unemployment Rate = According to this formula, what is the unemployment rate of this economy of six people? O 33.33% 40% 50% 60%1. Measuring employment, unemployment, and labour force participation Consider a small economy composed of six people: Rajiv, Simone, Yakoy, Ana, Dina, and Charles. Each person's employment status is described in the following table. Based on the criteria used by Statistics Canada, identify each person's status as "Employed", "Unemployed\"; "Not in the labour force"r ifnot in the civilian labour force but still part of the adult population, or \"Not in the adult population"if not in the civilian adult population. Person Status Rajiv is a 4?-yearold autoworker who was laid off from hisjob six months ago. He is fantrated with his inability to nd a new fulltime position. Last week, he took a parttime Employed job but was given only three hours of work. Not in the adult population Simone is a 29yearold professional basketball player. She nished her last season as a Not in the labour force player three weeks ago and is currently interviewing for a coaching position. Unemployed Yakov is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that, a couple of months ago, he gave up on his job search. .7 Dina is a 29-year-old who lost herjob as an associate producer for a radio station. Alter spending a few weeks out of work and interviewing for sevelal other positions, she gave up on herjob search and decided to go back to giaduate school. She made that decision a few months ago. v lChartes is a famous novelist. He is spending the summer at his lalce house in Muskoka, doing a little writing each dayr but mostly spending his time gardening and reading. '7 Ana is a 11-year-old student at West Valley Middle School. She babysits her younger sister and does other chores for which her parents give her an allowance of $30 per week. 1. Measuring employment, unemployment, and labour force participation Consider a small economy composed of six people: Rajiv, Simone, Yakov, Ana, Dina, and Charles. Each person's employment status is described in the following table. Based on the criteria used by Statistics Canada, identify each person's status as "Employed", "Unemployed", "Not in the labour force" if not in the civilian labour force but still part of the adult population, or "Not in the adult population" if not in the civilian adult population. Person Status Rajiv is a 47-year-old autoworker who was laid off from his job six months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only three hours of work. Simone is a 29-year-old professional basketball player. She finished her last season as a player three weeks ago and is currently interviewing for a coaching position. Employed Not in the adult population Yakov is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that, a couple of months ago, he gave up on his job search. Not in the labour force Unemployed Dina is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to graduate school. She made that decision a few months ago. Charles is a famous novelist. He is spending the summer at his lake house in Muskoka, doing a little writing each day but mostly spending his time gardening and reading. Ana is a 11-year-old student at West Valley Middle School. She babysits her younger sister and does other chores for which her parents give her an allowance of $30 per week.Complete the right half of the following equation to reflect the labour force participation rate reported by Statistics Canada. Labour Force Participation Rate = 100 x Number in Labour Force Number of Employed Workers According to this formula, what is the la economy of six people? 100 x - Number in Labour Force Adult Population O 33.33% Number of Employed Workers 100 x Adult Population 40% Number of Unemployed Workers 100 x Labour Force 50% 60%Complete the right half of the following equation to reflect the unemployment rate reported by Statistics Canada. Unemployment Rate = Number of Unemployed Workers 100 x Labour Force According to this formula, is economy of six people? 100 x - Number in Labour Force Number of Employed Workers O 33.33% Number of Employed Workers 100 x Adult Population O 40% 100 x Number in Labour Force Adult Population O 50% 60%