The Unemployment Rate Is Supposed to Measure ________

question 50

Multiple Choice

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

• A)the number of unemployed plus the number of discouraged searchers expressed as a percentage of the labour force; it excludes the discouraged searchers 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:

Technology

The application of scientific knowledge and techniques for practical purposes, especially in industry and in our daily lives, leading to inventions, improvements, and advancements in various fields.

Expectations

In economics, expectations refer to the beliefs or forecasts about future events, such as inflation rates, economic growth, or future income levels, which can influence current economic behaviors.

Suppliers

Suppliers are individuals or companies that provide goods or services to other entities, typically within a commercial chain.

Wages

The fixed regular payment, typically calculated on a daily or hourly basis, made by an employer to an employee, especially to a manual or unskilled worker.