Order the answer to: Suppose we divide Canada into three regions: the West, the

Order the answer to: Suppose we divide Canada into…

Question	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.
Subject	business-economics

Question

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.

Subject

business-economics

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