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:

Competitive Benchmarking

A process where a company measures its performance or processes against those of its competitors to identify improvements or strategies.

Industry Benchmarking

A process of measuring a company's performance, operations, or processes against the best practices from other companies within the same industry.

Process Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.

External Benchmarking

The process of comparing a company's performance or processes against those of other companies, typically industry leaders, outside the organization.