Consider the Growth in Canada's Labour Force and Employment

question 83

Multiple Choice

Consider the growth in Canada's labour force and employment.Over the last 50 years,

• A)the labour force has grown much more rapidly than employment.
• B)both the labour force and employment have remained roughly constant.
• C)the number of unemployed persons has been a much larger fraction of the labour force than it was during the first half of the 20th century.
• D)the main trend of the economy has been one of growth in employment that roughly matches the growth in the labour force.
• E)the main trend of the economy has been to have employment grow more rapidly than the growth in output.

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Definitions:

Annuity Factor

A multiplier used to calculate the present value of an annuity, representing the sum of the present values of all future annuity payments.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on invested capital.

Compounding Periods

The frequency with which interest is added to the principal balance of a financial instrument, affecting the total interest earned or paid over time.

Periodic Payments

Regular payments made over a determined period, such as monthly rent or mortgage payments.