Microeconomics,, 16th Canadian Edition

East 12.5% 3.5 million

a. Compute an unemployment rate for Canada using a
simple average of the rates in the three regions. Is this the
“right” unemployment rate for Canada as a whole?
Explain why or why not.
b. Now compute an unemployment rate for Canada using
weights that reflect the size of that region’s labour force
as a proportion of the overall Canadian labour force.
Explain the difference in this unemployment rate from the
one in part (a). Is this a “better” measure of Canadian
unemployment? Explain why.
11. Use the appropriate graph—time-series, cross-sectional, or scatter
diagram—to illustrate the economic data provided in each part
below.
a. The Canadian-dollar price of one U.S. dollar (the
“exchange rate”) in 2017:

January 1.319 July 1.269

February 1.311 August 1.261

March 1.339 September 1.228

April 1.344 October 1.261