Question
In between 1900 and 2000, the women's labour force participation rate (LFPR) in Canada has increased from approximately 15% to approximately 60%. At the same
In between 1900 and 2000, the women's labour force participation rate (LFPR) in Canada has increased from approximately 15% to approximately 60%. At the same time, men's LFPR fell from approximately 90% to approximately 75%. We also saw that approximately 50% of the Canadian population is in the labour force (in 2000). Other things equal (i.e., assume constant productivity, technology, demographics, etc.), how much would the Canadian GDP per capita increase (from 1900 to 2000) due to these changes in the LFPR? Give the number and explain how you got it.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started