Consider the Growth in Canada's Labour Force and Employment

question 83

Multiple Choice

Consider the growth in Canada's labour force and employment.Over the last 50 years,

• A)the labour force has grown much more rapidly than employment.
• B)both the labour force and employment have remained roughly constant.
• C)the number of unemployed persons has been a much larger fraction of the labour force than it was during the first half of the 20th century.
• D)the main trend of the economy has been one of growth in employment that roughly matches the growth in the labour force.
• E)the main trend of the economy has been to have employment grow more rapidly than the growth in output.

---

Definitions:

Net Present Value

A financial metric that evaluates the profitability of an investment by discounting future cash flows to their present value.

Life Of The Project

Refers to the total duration from the initiation to the completion of a project, encompassing all phases of development and implementation.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows over a period of time.

Investment Project

An undertaking requiring capital investments, aimed at generating future benefits, such as profits or community advantages.