Consider the following data from Statistics Canada, which covers persons of working age (i.e., ages 15 to 64). Using the table on the left, compute the statistics in parts a) and b) below. 2010 Notes: Type your numerical answers in the boxes provided. Round your final answers to 1 decimal place. Population (thousands) Labor force (thousands) 23,056.00 17,939.20 a). The unemployment rate in 2010 was percent. Employment (thousands) Unemployment (thousands) Weekly hours worked by employed Canadians (hours/week) 16,477.50 1,461.60 b). The average hours worked per week by all Canadians working age equals hours per week in 2010. 32.6
Consider the following data from Statistics Canada, which covers persons of working age (i.e., ages 15 to 64). Using the table on the left, compute the statistics in parts a) and b) below. 2010 Notes: Type your numerical answers in the boxes provided. Round your final answers to 1 decimal place. Population (thousands) Labor force (thousands) 23,056.00 17,939.20 a). The unemployment rate in 2010 was percent. Employment (thousands) Unemployment (thousands) Weekly hours worked by employed Canadians (hours/week) 16,477.50 1,461.60 b). The average hours worked per week by all Canadians working age equals hours per week in 2010. 32.6
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Solve it correctly
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education