Question: Problem 9-9 (algo) The table below shows labour force information for a hypothetical economy, Assiniboia. Finding Participation and Unemployment Rates in Assiniboia 2019 2020 Total

 Problem 9-9 (algo) The table below shows labour force information for

Problem 9-9 (algo) The table below shows labour force information for a hypothetical economy, Assiniboia. Finding Participation and Unemployment Rates in Assiniboia 2019 2020 Total population 15 years and over 21. 1 million 21 . 4 million Those 15 years and over not in the labour force population 3.0 million 3. 1 million Workers with part-time jobs 1. 75 million 2. 00 million Workers with full-time jobs 10.3 million 10. 4 million Unemployed members of the labour force 500, 000 550 , 000 a. Calculate Assiniboia's labour force population, labour force, participation rate, and official unemployment rate in 2019. Then, calculate values for the same variables in 2020. Enter your responses rounded to 1 decimal place. 2019 2020 Labour Force Population million million million million Labour Force Participation Rate 8 Official Unemployment rate b. Has Assiniboia's official unemployment rate risen or fallen between 2019 and 2020? Has the number of unemployed members of the workforce risen or fallen during this same period? Assiniboia's official unemployment rate (Click to select) v Number of unemployed members of the workforce (Click to select) v

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!