ECON 1010 Lecture Notes - Real Interest Rate, Core Inflation, Gdp Deflator
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26 Jan 2013
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The loss of income is devastating for those who bear it. Unemployment benefits create a safety net but don"t fully replace lost wages, and not everyone receives benefits. Prolonged unemployment permanently damages a person"s job prospects by destroying human capital. Every month, statistics canada conducts a labour force survey in which it asks. The population is divided into two groups: the working-age population the number of people aged 15 years and older who are not in institutional care, people too young to work (under 15 years of age) or in institutional care. The working-age population is divided into two groups: people in the labour force, people not in the labour force. The labour force is the sum of employed and unemployed workers. The unemployment rate is the percentage of the labour force that is unemployed. The unemployment rate is (number of people unemployed labour force) 100.
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