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3. Suppose that in a given month in Canada, there are 18 million people of working age.
Of these, only 14 million have jobs. Of the remainder, 2 are looking for work, 1.5
million have given up looking for work, and 0.5 million do not want to work.
(a) What is the labour force?
(b) What is the labour force participation rate?
(c) What is the o¢ cial unemployment rate

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91232226

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