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About Two-Thirds of Canada's Growth Rate in the Last Half

question 52

True/False

About two-thirds of Canada's growth rate in the last half century has been due to rising productivity and about one-third has been due to the use of more inputs.


Definitions:

Labour Demand

The total quantity of workers that employers are willing and able to hire at a given wage rate in a certain period.

Simulation

A method for modeling a real phenomenon with a set of mathematical formulas and algorithms to study its behavior under various scenarios.

Forecasting HR Demand

The process of estimating the future human resource requirement of an organization, based on its business strategy, objectives, and level of operational activity.

Delphi Technique

A method of gathering expert opinions to achieve consensus on a specific issue through a series of questionnaires interspersed with feedback.

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