According to the Official Statistics Canada Definition,what Is the Minimum

question 41

Multiple Choice

According to the official Statistics Canada definition,what is the minimum amount of time a person must have worked in the previous week in order to be counted as employed?

• A)15 minutes.
• B)60 minutes.
• C)5 hours.
• D)30 hours.
• E)40 hours.

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Definitions:

Expansionary Fiscal Policy

To fight recessions, the federal government lowers taxes and/or raises spending.

Government Spending

Expenditures made by the government of a country on collective needs and wants such as infrastructure, public safety, education, and healthcare.

Public Debt

Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.

Budget Deficits

The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.