In Recent Years,Statistics Canada Has Released Two Special (Supplementary)unemployment Rates

question 204

Multiple Choice

In recent years,Statistics Canada has released two special (supplementary) unemployment rates that include estimates of the number of discouraged and part-time workers.The official unemployment rate,along with the two supplementary rates,is shown in the chart for the period 1997 to 2006.

-Critics have argued that Canada's official unemployment rate,as shown in the chart,greatly _________ the extent of "true" unemployment in the country because __________ and __________ who want full-time employment are excluded from those counted as unemployed.

• A) underestimates;discouraged workers;involuntary part-time workers
• B) overestimates;discouraged workers;involuntary part-time workers
• C) underestimates;involuntary part-time workers;seasonally unemployed workers
• D) underestimates;discouraged workers;temporarily laid-off workers
• E) underestimates;involuntary unemployed workers;temporarily laid-off workers

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Definitions:

Revenue

The total income generated by a business from its normal business operations, such as sales of goods or services.

Earned

Income or revenue that has been generated from business activities or services provided.

Cash

Money in the form of coins or banknotes, especially that used to operate a business.

Cash Basis

An accounting method whereby revenues and expenses are recorded when cash is received or paid, rather than when they are incurred.