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What Are the Major Areas Covered by Work Standards Legislation

question 2

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What are the major areas covered by work standards legislation sometimes also known as employment standards legislation),and what are some major difficulties with this legislation as it presently exists in Canada?


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Current Dollar

A term used to describe the nominal monetary value of goods, services, or financial assets at the current time, without adjustment for inflation.

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year in real terms.

GDP Deflator

An economic measure that accounts for inflation by converting output measured at current prices into constant-dollar GDP.

Net Domestic Product

A measure of a nation's total economic output, adjusted for depreciation; it is the gross domestic product (GDP) minus the depreciation on a country’s capital goods.

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