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The Table Shows Data Reported by Statistics Canada for 1999

question 68

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 Category  Employment 14.5 million  Labor force 15.7 million  Working-age population 24.0 million  Average weekly hours 34.2 hours \begin{array} { l c } \hline { \text { Category } } \\\hline \text { Employment } & 14.5 \text { million } \\\text { Labor force } & 15.7 \text { million } \\\text { Working-age population } & 24.0 \text { million } \\\text { Average weekly hours } & 34.2 \text { hours } \\\hline\end{array}

The table shows data reported by Statistics Canada for 1999. In 1999, the unemployment rate was

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Definitions:

Nominal GDP

The gross domestic product measured at current market prices, without adjusting for inflation or deflation.

Real GDP

Measures the value of all final goods and services produced within a country in a given period, adjusted for inflation.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, deflating out the effects of inflation.

Nominal GDP

The gross domestic product measured at current market prices, not adjusted for inflation, representing the value of all finished goods and services produced within a country's borders in a specific time period.

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