How would you answer the following?

1. What conclusions can you make about using the unemployment rate as an economic indicator? 2. How does the fact that unemployed workers who stop looking for work are not counted in unemployment rates affect the accuracy of this economic indicator? 3. What are two things you would like to know about the Unemployment rate in Canada? 4. Using the formulas for Unemployment rate and participation rate, calculate the following and check your answers. Hint - you need to calculate the number of unemployed before you can calculate the rates. Feel free to past this table into a spreadsheet to facilitate calculations. Civilian Labour Force Unemployed Participation Rate Population iCLF} Employed {U} {PR} Year {1000's} {1000's) {1000's} 1%) 1%) 19?0 21.132 3.395 72919 '? ? 1901 24.221 11.330 10.933 ? ? 1984 24.9?3 12.282 10.932 ? ? 1091 21.533 14.336 12.85? ? ? 2001 24.419 16.094 14.932 ? ? 2009 2?.202 18.250 16.?2? ? ? 2016 29.53? 19.440 18.079