Assignment6

# Assignment6 - Economics 1020 Webct Summer 2009 Assignment...

This preview shows pages 1–3. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Economics 1020 Webct Summer 2009 6. Using the most recent data, calculate the unemployment rate, the labour force participation rate, and the employment-to-population ratio for Ontario . The data is available on the Statistics Canada website. Show your calculations. Do not just report the numbers. (6 marks) Unemployment rate is the number of unemployed divided by the labour force multiplied by 100. The number of unemployed in Ontario is 670700 divided by the labour force which is people over the age of 16 not in prison, military or school which 7,156,100 which equals 0.0937 X 100 = 9.4% is the unemployment rate in Ontario for May 2009. The labour force participation rate equals the number of employed in thousands 6485.4 plus the number of unemployed which is 670.7 = 7156.1 divided by the population of Ontario 7156.1 / 10638.8 = 0.6726 multiplied by 100 equals 67.3%. The ratio is labour force employed divided by total population 6485.4 / 10638.8 = 0.609 X 100 = 61% employment rate. 7. Problem #4 on p. 463 of your textbook. (4 marks) i. Economic growth in Australia increased in 1990, 1994, 1995, and 1996. The  growth was the fastest in 1996.  ii. Economic growth rate decreased in Japan in the years of 1990, 1991, 1995  and 1990 was the slowest year.
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 06/30/2009 for the course ECONOMICS 1020 taught by Professor Parkin during the Spring '09 term at UWO.

### Page1 / 6

Assignment6 - Economics 1020 Webct Summer 2009 Assignment...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online