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

question 115

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.

-The accuracy of Canada's official unemployment rate is criticized because

• A) unemployed homemakers and students who are not actively seeking employment are not included in the number of unemployed people.
• B) people who would like to work but have given up trying to find work are not included in the number of unemployed people.
• C) it fails to indicate how many people work at more than one job.
• D) people under 15 years of age and over 65 years of age are excluded from the data.
• E) the Statistics Canada survey does not include all the households in Canada.

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Definitions:

Carrying Value

The net amount at which an asset or liability is reported in the financial statements, factoring in its original cost and any related depreciation, amortization, or impairment costs.

Useful Life

The estimated period over which an asset is expected to be functional and contribute to the operations of a business, beyond which it might be deemed obsolete.

Consolidated Financial Statements

These are financial statements that aggregate the financial position and operations of a parent company and its subsidiaries, providing a comprehensive overview as if the group were a single entity.

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.