2015 12 219 3447
2016 12 507 3659
a. Using 2012 as the base year, construct index numbers for
each of exports and imports.
b. Were exports or imports more volatile over this time
period? Explain how you know.
c. Using your constructed index numbers, what was the
percentage change in exports and imports from 2014 to
2016?
10. Suppose we divide Canada into three regions: the West, the
Centre, and the East. Each region has an unemployment rate,
defined as the number of people unemployed, expressed as a
fraction of that region’s labour force. The table that follows shows
each region’s unemployment rate and the size of its labour force.
UnemploymentRegion Rate Labour ForceWest 5.5% 5.3 millionCentre 7.2% 8.4 million