labour force

Calculate the labour force participation rate. What is the inflation tax, and how might it explain the creation of inflation by a central bank?

PROMPT A country has 150,000 people. Of these 25,000 are children under the age of 16. 92000 people have jobs and 8000 don’t have job and are looking for work and 25,000 people are retired. Calculate the labour force participation rate (2.5 Marks) Calculate the unemployment rate (2.5 Marks) What is the inflation tax, and […]

Discuss the impacts of economic recession to undergraduates’ job finding opportunities

the impacts of economic recession to undergraduates’ job finding opportunities Many high-skill job opportunities remain unfilled, yet university graduates, as well as undergraduates, find it hard to find work in Canada. Currently, Canada has around 1.33 million workers who are unemployed, yet in 2012, business hired over 338,000 temporary foreign workers, claiming there are shortages […]

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