AK ECON 3610 Midterm 2005

AK ECON 3610 Midterm 2005 - YORK UNIVERSITY ATKINSON...

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1 YORK UNIVERSITY ATKINSON FACULTY OF LIBERAL AND PROFESSIONAL STUDIES SCHOOL OF ANALYTIC STUDIES AND INFORMATION TECHNOLOGY AK/ECON 3610 3.0A: Labour Economics, Summer 2005 Instructor: Steven Wald Mid-term Test: May 18 th . 7:00 – 9:00 PM (6 questions totalling 40 marks) Question 1 ( Possible 7 marks ) The following (seasonally adjusted) data were reported by Statistics Canada on Friday Jan. 7, 2005 in their Labour Force Survey report (for Canada). Dec. 2004 Labour force (000) 17,372.8 Participation Rate (%) 67.4 Employment (000) 16,148.8 a. (1 mark) Calculate the unemployment rate for December. b. (1 mark) Calculate the employment rate for December. c. (1 mark) How many people are surveyed in Canada every month by Statistics Canada as part of their Labour Force survey? d. (2 marks) The unemployment rate in the United States in December 04 was 5.4%. What are two measurement differences between how the American and Canadian unemployment rates are determined? e.
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AK ECON 3610 Midterm 2005 - YORK UNIVERSITY ATKINSON...

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