In 2020, the all ages population of Canada was 38092817, out of which the population under 15 years was 6042917 and over 65 years was 6845502. There were 19361326 people who are employed and the unemployment rate was 8.85%. What was the labour force participation rate?

In 2020, the all ages population of Canada was 38092817, out of which the population under 15 years was 6042917 and over 65 years was 6845502. There were 19361326 people who are employed and the unemployment rate was 8.85%. What was the labour force participation rate?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 28CTQ: Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder...

See similar textbooks

Related questions

Q: 1. Which is not true regarding the role of human capitals in economic development? a. Supplies labor…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 3) Jack's Labor Demand Problem Jack hires craftswomen like Jane to help produce widgets. Jack acts…

A: Monopsony is defined as the market condition where there is a single buyer, known as the…

Q: In economic terms, how would Hilo state what has happened when his coworker says she will help him…

A: Answer: Double coincidence of wants refers to the situation where both the parties get what they…

Q: A tariff is a tax imposed on good. O a) an imported O b) the most popular Oc) a luxury O d) d) an…

A: Tax means the source of revenue for the government.

Q: Sketch a production possibilities curve on which you illustrate a shift to the right.

A: "As there are multiple questions so as per the guidelines answer is provided to the first question."…

Q: (a) Assume that worker cost $50 regardless of the chairs the worker produces. The company has an…

A: The stages of production in the diagram In the short run since there are two types of costs fixed…

Q: A small business consists of an owner and a seamstress. The seamstress can sew 20 dresses per month.…

A: Answer

Q: Explain why a profit-maximizing competitive firm would produce up to the point where price equals…

A: The marginal cost of creation is the adjustment of absolute creation cost that comes from making or…

Q: The expenditure line is steeper than the 45-degree line. slopes upward because consumption depends…

A: Expenditure line is flatter than a 45 degree line. this is because for every increase in disposable…

Q: What function of money is highlighted when someone deposits a portion of his or her paycheck into an…

A: Money means the medium of exchange.

Q: 1. As Lorenz curves cross, less inequality is present in the case where ________. a. we cannot say…

A: As Lorenz curves cross, less inequality is present in the case where ________. a. we cannot say b.…

Q: D a. public schooling; welfare benefits O b. gains to those with lower incomes; imposes costs on…

A: Income inequality is the way unevenly pay is disseminated all through a populace. The less…

Q: man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: *Answer: According to the question, Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…

Q: How to allocate limited resources to their best use is the very first and fundamental principle that…

A: Resource allocation based on best practices: 1. Get a realistic picture of demand and delivery…

Q: Which of these relations is always TRUE for monopolies? MR > D P > MR P > AC TR < T

A: The profit maximizing level of output produced by the monopoly at point where MC is equal to MR. For…

Q: The federal budget deficit has grown so quickly in the past 5-10 years because of a) increased…

A: Federal Budget Deficit is the excess of government spending over government receipts.

Q: The top 1% of households in the United States contribute O a) more than 90% of all federal income…

A: A taxpayer is a person or business that is obligated to pay taxes to the federal government. The…

Q: 1. Plot the demand and supply curves in a same diagram. Find the equilibrium price and quantity from…

A: Equilibrium is the point where demand is equal to supply i.e. where the demand curve intersects the…

Q: where quantities are in millions of bushels and prices are in dollars per bushel. (a) Assume that…

A: In this question, Qd=2100-125P Qs=600+175P The market equilibrium, the point where a producer should…

Q: The inverse demand for Harley Davidson motorcycles is given by: P= 40,000-10Q where P is the price…

A: Monopoly: - monopoly market structure is the structure in which there is only one seller of any good…

Q: A cost-of-living adjustment (COLA) clause in an employment contract a) requires the employee to…

A: Cost of Living Adjustment (COLA) increases the payment to the employee by an employer by considering…

Q: he college tuition is expected to increase with an average of 5% per year for the next 5 years. The…

A: We have given a geometric gradient series cash flow, Value of A1=P45,000 % increase in the tuition…

Q: The payments that go into the trust fund for Social Security and Medicare come a) equally from…

A: The trust fund is a private legal arrangement where assets are held for benefiting the trust…

Q: (C). Similarity of economic structure, and composition of output, tends to reduce the economic…

A: In an economy, joining a currency union implies monetary union agreement with some other countries.

Q: You are the manager of a firm that receives revenues of $20,000 per year from product X and $80,000…

A: Answers Elasticity = % change in quantity demanded / % change in price % change in quantity…

Q: A firm has the following production fundion: q =min{K, 10L). where q denotes output, K denotes…

A: Part (a): q = min {K,10L} q = K = 10L Therefore equation 1 is K =q and equation 2 is q/10 =L Total…

Q: Write the letter of your choice on the space provided before each number. Thus, A – if only the 1st…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: Which of the following is an example of an action where crowding-out could occur? O a) The…

A: A crowding out effect refers to a fall in the private investment in an economy due to an increase in…

Q: If there is no public regulation governing an economic activity, one may immediately start a…

A: Public regulation means the regulations of the government on economic activity. For starting any…

Q: production possibilities table for two products, Consumption goods and Capital goods, is found…

A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…

Q: Refer to the figure below to answer the questions that follow. Surplus G Deficit GDP, GDP, GDP, Real…

A: Budget Deficit refers to the excess of government expenditure over government receipts. Budget…

Q: a and b part only))hand written plzzzzz

A: The formula for equilibrium real GDP is: Y = C + I + G + NX

Q: A perfectly competitive widget firm has this long run total cost equation: LTC = (½)q³ – 6q² + 40q…

A: LTC = (1/3)q3 - 6q2 + 40q LMC = dLTC/dq = q2 - 12q + 40 LAC = LTC/q = (1/3)q2 - 6q +40

Q: True or false question. Open market operations is a monetary policy tool that involves buying and…

A: Open market operations (OMO) alludes to a national bank trading transient Treasuries and different…

Q: In the Solow model, the steady-state capital stock is a function of:

Q: Consider the two countries of Syria and UAE. A business man wants to do trade between the two…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: Explsin in detail, ways in which to overcome challengers of the fourth industrial revolution

A: The technical advancement in the last few decades has been astounding. Rapid and significant…

Q: If real GDP depends only on capital, labor, and technology, an increase in the money supply will…

A: Answer: If the real GDP depends on capital, labor, and technology then an increase in the supply of…

Q: (a) If the government decides to increase income tax rates, will it encourage individuals to drop…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: What is the best way to prepare for future so that people can better deal with globalization?…

A: The flow of products, technology, information, and jobs across national borders and cultures is…

Q: A good's demand is given by: P = 829 - 3Q. At P 80, the point price elasticity is: Enter as a value…

A: Answer; The Point price elasticity is -0.11

Q: As formulated by Malthus, the Malthusian theory of population growth, proved ______. a. that food…

A: Malthusian theory of population growth says that the population is increasing at the rapid speed…

Q: Orbit's Earnings Growth Edry was a Senior Vice President in the Customer Credit Department at Orbit…

A: An account is a financial arrangement in which an entity, often a financial institution such as a…

Q: In theory of comparative advantage, which statement is correct O a a country should produce all…

A: The theory of comparative advantage in international trade is given by David Recardo.

Q: Yummy Yummy Popcorn, Inc. sells bags of flavored popcorn in a popular mall. As shop owner and…

A: Answer: Given, Demand function: Q=1,200-800P+2AA=$500Current price=$1.50 per bagMarginal cost…

Q: 1. Use the following information from a fictional economy: Consumption, C = 250 + 0.8 Yd Investment,…

A: NOTE: As per Bartleby Guidelines, handwritten solutions are not allowed. Since we only answer up to…

Q: a) Derive the monopoly price, quantity, and profits. b) Calculate Lerner Index under the monopoly…

A: In this question:- the market demand curve=Q=70-p and the total cost=TC=4300Q3-5Q+250 Here marginal…

Q: Costa Rica can produce either 18 oranges or 9 watermelons a day, while Panama can prodace either 16…

A: A country should produce a good in which it has comparative advantage. Where a country has a…

Q: b. What is the equilibrium GDP for this country? %24 billion c. What is the marginal propensity to…

A: A macroeconomic technique for measuring and evaluating a country's overall economic activity or…

Question

Ma
In 2020, the all ages population of Canada was 38092817, out of
which the population under 15 years was 6042917 and over 65
years was 6845502. There were 19361326 people who are
employed and the unemployment rate was 8.85%. What was the
labour force participation rate?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

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.

Similar questions

Is it desirable to pursue a goal of zero unemployment? Why or W115r not?
Are U.S. unemployment rates distributed evenly across the population?
With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
What is frictional unemployment? Give examples of frictional unemployment.
Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?
A fixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. By contrast, an adjustable-rate mortgage changes with market interest rates over the life of the mortgage. If inflation falls unexpectedly by 3, what would likely happen to a homeowner with an adjustable-rate mortgage?
Compute the inflation rate for fruit prices from 2001 to 2004.
What forces create the natural rate of unemployment for an economy?
In 1972 the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2016 is $118,500. Whatcompound annual increase has been experienced over this 44-year period of time? How does it compare with a 3% annual increase in the consumer price index over the same period of time?
Supoose 550 people were surveyed and of those 550, 450 were working full time. of the 100 ot working, 20 were full time collge students, 30 were retired, 10 were under 16 years of age, 15 had stopped looking for work because they believe there were no jobs for them and 25 were actively looking for work. 1. How many of the 550 surveyed are in the labour force? 2. what is the unemployment rate among the 550 sruveyed people?
The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people over age 25 whose highest level of education was a high school degree or equivalanet. 36.40 million of whom were employed and 1.93 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?