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In 2001, Statistics Canada estimated the labor force at 16,109.8 thousand, employment at 14,946.2 thousand, and the working-age population (15+ years of age) at 24,444.3 thousand.
a)Calculate the labor force participation rate for 2001.
b)Calculate the unemployment rate 2001.
c) Calculate the employment-to-population ratio for 2001.
Suppose Mary earns $13 an hour installing transistorized digital chips in electronic calculators. If you were unemployed, would you offer to work for $8 an hour to get the job Why might a profit-maximizing employer turn down your generous offer
Consider the market for rainbow sandals. Suppose average household income increases from $44,000 per year to $61,000 per year. As a result, the demand for rainbow sandals increases from 427 to 535.
A 30 year bond has a face value of $1,000 and a coupon rate of 6%, interest payments are paid semiannually. If the maturity from now is eually years and the currsnt market rate for the same bond is 10% per year, compound semilannually. How much is..
There are too many fixed gear bikes in Hipsterland and city leaders are looking for ways to reduce the quantity. They are considering policies which would reduce the number of fixed gear bikes. The demand and supply curves for fixed gear bikes in H..
Hotelling'sModel (RG): Consider a population uniformly distributed along an ideological spectrum [0, 1]. Each of two candidates chooses (simultaneously) a platform represented by an ideology value x ? [0, 1]. The voters observe the platforms.
Sheila's Sports Shop is a very popular sporting goods store, which has a yearly revenue of $600,000. Sheila runs the business herself. Her alternative employment options are to be a college swimming coach for $50,000 per year or a construction wor..
You are division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 100,000 - 1.25P, what price should you charge in order to maximizes revenues from sales of the Highlander
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $56 and the price at point e is $31 per bag. The price at point f is $67 and the price at point g is $32 per bag. Apply the formula for the area of a trian..
1. What is the consumption spending C at the equilibrium 2. The government is willing to consider an increase in public spending only if the multiplier is higher than 1.5. Base on your calculations will the government implement the increase in govern..
Valtro Electronic Systems, Inc. set aside a lump sum of money 4 years ago in order tofinance a plant expansion now. If the money was invested in a plant expansion now. If money was invested in a 10% per year simple interest certificate of deposit.
When testing whether each of independent variables in a multiple regression equation is statistically significant in describing variations in the dependent variable,
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a y..
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