The Unemployment Rate Is Supposed to Measure ________

question 73

Multiple Choice

The unemployment rate is supposed to measure ________.It is an imperfect measure because ________.

• A)the number of unemployed plus the number of marginally attached workers expressed as a percentage of the labour force;it excludes the marginally attached workers because Statistics Canada considers them as employed
• B)the percentage of the working-age population who are unemployed;it is impossible to count everyone in the working-age population
• C)the percentage of the labour force who are unemployed;it is impossible to count everyone in the labour force
• D)the underutilization of labour resources;it excludes some underutilized labour and some unemployment is unavoidable
• E)the underutilization of labour resources;it includes part-time workers and excludes discouraged workers

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Definitions:

Management Performance Appraisals

The systematic evaluation of the performance of managers and the effectiveness of their leadership in achieving business objectives.

Budgeting

The process of creating a plan to spend your money, outlining future financial goals and how resources will be allocated to achieve them.

Differential Costs

The difference in total cost that will result from selecting one alternative over another.

Variable

A quantity or element that is subject to change, often used in mathematical equations or experiments to represent changeable factors.