In 2004,based on Concepts Similar to Those Used to Estimate

question 46

Multiple Choice

In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Canadian adult non-institutionalized population was 25.022 million,the labor force was 16.956 million,and the number of people employed was 15.864 million.According to these numbers,the Canadian labor-force participation rate and unemployment rate were about

• A)67.8% and 6.4%
• B)67.8% and 4.4%
• C)63.4% and 6.4%
• D)63.4% and 4.4%

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Definitions:

Literally Occur

An event or action that takes place exactly as described or indicated without metaphor or exaggeration.

Agreement

A mutual understanding or arrangement between two or more parties outlining their respective rights and duties.

Novation

Novation is the legal act of replacing an existing obligation with a new one, substituting a new party or obligation into an original contract.

Original Promisor

The individual or entity who initially makes a promise in a contractual agreement, especially in contexts involving subsequent assignments or transfers of obligations.