Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to...

 

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Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How would the unemployment rate and the labour force participation rate change if discouraged workers were counted as unemployed rather than counted as not in the labour force? Show using the formula for both measurements. d) Suppose 180,000 people are employed, 20,000 people are unemployed, the working-age population is 250,000, and 50,000 people are not in the labour force. Calculate the unemployment rate. Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How would the unemployment rate and the labour force participation rate change if discouraged workers were counted as unemployed rather than counted as not in the labour force? Show using the formula for both measurements. d) Suppose 180,000 people are employed, 20,000 people are unemployed, the working-age population is 250,000, and 50,000 people are not in the labour force. Calculate the unemployment rate.

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