Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2002, the Canadian working-age population was 24945100. Of these, 15411800 people had a jobs. Of the remainder, 1277600 were looking for work, 415800 wanted

  1. In 2002, the Canadian working-age population was 24945100. Of these, 15411800 people had a jobs. Of the remainder, 1277600 were looking for work, 415800 wanted to work but did not actively look for work, and 7839900 did not want to work. Of those who wanted to work, 43000 had given up looking for work because they thought there was no work available.
    1. Compute the Canadian labour force in 2003
    2. Compute the number of people not in the labour force
    3. Compute the labour force participation rate
    4. Compute the employment rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of The Environment

Authors: Peter Berck, Gloria Helfand

1st Edition

978-0321321664, 0321321669

More Books

Students also viewed these Economics questions

Question

What are some of the topics studied?

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago