Data on Unemployment in Canada Show That

question 20

Multiple Choice

Data on unemployment in Canada show that:

• A)most spells of unemployment are long.
• B)most weeks of unemployment are attributable to the long-term unemployed.
• C)members of the labour force over age 55 have the highest unemployment rates.
• D)the duration of unemployment falls during recessions.

Recognize the historical trends in labor productivity growth in the U.S. and their implications.

Identify factors that influence productivity growth.

Understand the relationship between labor productivity, employment growth, and output per capita.

Evaluate the role of computers and technology in productivity growth.

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Definitions:

Elapsed Time

The amount of time that has passed from the beginning of an event or activity to a specific point.

Beginning of Process

The stage in production at which the manufacture of goods or processing of materials starts.

Lead Time

The time interval between the initiation of a process and its completion, often used in the context of supply chain and production.

Value-Added Time

The portion of the production process where value is actually added to the product or service, as perceived by the customer.