Who of the Following Would Be Counted as Unemployed in Canada

question 18

Multiple Choice

Who of the following would be counted as unemployed in Canada?

• A)Sharon is a university student with no job.
• B)Doris only works five hours a week but is looking for a full- time job.
• C)Maurice has been laid off from his job for 5 weeks but expects to be called back soon.
• D)Kanhaya has stopped looking for work since he was unable to find a suitable job during a two- month search.
• E)Bogdan has been laid off from his job but does not expect to be called back, and is not looking.

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Definitions:

Total Revenue

Total Revenue is the total income generated by a firm from selling its goods or services, calculated as the unit price multiplied by the quantity sold.

Quantity Demanded

Quantity demanded is the total amount of a good or service that consumers are willing and able to purchase at a specific price point, holding other factors constant.

Price Elasticity of Demand

measures how much the quantity demanded of a good responds to a change in the price of that good, quantified as the percentage change in quantity demanded divided by the percentage change in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price, holding all else constant.