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16 Cards in this Set
- Front
- Back
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Statistics Canada would categorize a person as ______ if they were temporarily away from their job because they were ill. |
Employed |
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Statistics Canada would categorize a retiree who is not working as |
out of the labour force |
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The labour force equals the number of people... |
employed plus unemployed |
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Suppose that homemakers are included as employed in the labour force statistics, rather then being counted as out of the labour force. This would... |
increase the measured labour force participation rate |
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Unemployment rate equals... |
unemployment/(employed+unemployed)x100 |
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The labour force participation rate equals... |
(unemployed+employed)/working-age populationx100 |
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Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time jobs; 20 have part-time jobs; 20 are unemployed, but are actively looking, and 10 would like employment but do not have employment and aren't looking. The official unemployment rate as calculated by Statistics Canada would equal... |
(20/100)x100 |
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Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full-time students. This would cause... |
the labour force participation rate to decrease |
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Suppose the labour force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labour force participation rate would... |
remain constant |
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Someone who is available for work but has not actively looked for work in the previous four week would be classified as... |
not in the labour force |
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The labour force participation rate equals the... |
(labour force/working-age population)x100 |
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Which of the following cause the unemployment rate as measured by statistics Canada to understate the true extent of joblessness? |
discouraged workers |
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Frictional Unemployment |
Short-term unemployment that arises from the process of matching workers with jobs |
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Structural Unemployment |
Unemployment that arises from a persistent mismatch between the skills and attributes of workers and the requirements |
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Cuclical Unemployment |
Unemployment caused by a business cycle recession |
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Seasonal Unemployment |
Unemployment that is due to seasonal factors, such as weather or the fluctuation in demand for some products during different times of the year |
