The unemployment rate is supposed to measure ________. It is an imperfect measure because ________.
A) the percentage of the working-age population who are unemployed; it is impossible to count everyone in
the working-age population
B) the underutilization of labour resources; it excludes some underutilized labour and some unemployment
is unavoidable
C) the percentage of the labour force who are unemployed; it is impossible to count everyone in the labour
force
D) the number of unemployed plus the number of marginally attached workers expressed as a percentage of
the labour force; it excludes the marginally attached workers because Statistics Canada considers them as
employed
E) the underutilization of labour resources; it includes part-time workers and excludes discouraged workers
B) the underutilization of labour resources; it excludes some underutilized labour and some unemployment
is unavoidable
You might also like to view...
When a firm sells products at lower prices to foreign purchasers, it is known as:
a. international dumping. b. restraint of trade. c. price gouging. d. reciprocal dumping.
Which kind of good might not be bought when prices rise?
(A) Substitute (B) Inferior good (C) Complement (D) Luxury