Using a Broader Measure of the Unemployment Rate Where Discouraged

question 21

Multiple Choice

Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, you would expect this unemployment rate to ________ compared to the Statistics Canada measured unemployment rate.

• A)increase
• B)more than double
• C)decrease
• D)barely change
• E)fall by half

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Definitions:

Professional Partnership

A form of business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Negligence

A failure to take reasonable care or to act with the expected level of diligence, leading to harm or damage.

Limited Partnership

A business structure where one or more partners have limited liability, and at least one partner has unlimited liability.

Day-to-Day Business Management

The continuous, routine operations and activities involved in the administration and control of a company or organization.