The Descriptions Give the Responses of Four Individuals to Statistics

question 124

Multiple Choice

The descriptions give the responses of four individuals to Statistics Canada.1.Mollie just graduated from university and is now looking for work.She has had three job interviews in the past month.2.George works in an automotive assembly plant.He was laid off six months ago as the economy weakened.He expects to return to work in several months when national economic conditions improve.3.Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defence spending.She has been looking for similar work for a year but no company seems interested in her aircraft design skills.4.Ryan lost his job last year when his company downsized and laid off middle-level managers.He tried to find another job for a year, but was unsuccessful and quit looking for work.Refer to the above information.Which individual would be included in the calculation of the full-employment unemployment rate?

• A)1 only
• B)2 only
• C)1 and 3
• D)2 and 4

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Definitions:

Variable Costs

Expenses that change in proportion to the volume of goods or services a company produces, such as materials and labor costs.

Primary Management Function

The core activities central to managing an organization, often categorized as planning, organizing, leading, and controlling.

Macro Uncertainty

Macro uncertainty refers to the unpredictable changes and instability in the macroeconomic environment that affect countries, markets, and global financial systems.

State Uncertainty

A condition in which there is a lack of clarity about the status of an environment or situation, often leading to difficulties in decision-making.