15. (Advanced Problem) a. Calculate Canada's misery index, which is the sum of a country's inflation and unemployment ra

[answerhappygod]

15 Advanced Problem A Calculate Canada S Misery Index Which Is The Sum Of A Country S Inflation And Unemployment Ra 1 (101.84 KiB) Viewed 27 times

15. (Advanced Problem) a. Calculate Canada's misery index, which is the sum of a country's inflation and unemployment rates expressed as percentages, for the years shown in the table below. Construct a table showing your results. Annual Inflation and Unemployment Rates in Canada, 1998-2017 Inflation (%) Unemployment (%) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1.0 1.8 2.7 2.5 2.2 2.8 1.8 2.2 2.0 2.2 8.3 7.6 6.8 7.2 7.7 7.6 7.2 6.8 6.3 6.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Inflation (%) 2.3 0.3 1.8 2.9 1.5 0.9 2.0 1.1 1.4 1.6 Unemployment (%) 6.1 8.3 8.1 7.5 7.3 7.1 6.9 6.9 7.0 6.3 Source: Statistics Canada "Inflation and Unemployment," adapted from the Statistics Canada Table 18100005 and Table 14100078. Retrieved September 6, 2018. Contains information licensed under the Open Government Licence - Canada (https://open.canada.ca/en/open-government- licence-canada). b. What was the average value of the misery index during the years 1998-2017? In which years was the index greater than the average value? In which years was it less? In which years was it the same? c. What does the misery index indicate? How are the inflation rate and the unemployment rate weighted in this index? Would everyone agree with this weighting? Explain.