Question
Complete the description of the chart. Figure 1 shows (a)............................................................................................... Labour productivity of Canadian businesses (b) .................... in the first quarter, the largest quarterly increase
Complete the description of the chart. Figure 1 shows (a)............................................................................................... Labour productivity of Canadian businesses (b) .................... in the first quarter, the largest quarterly increase recorded, as hours worked (c) .................... faster than business output. Following measures taken in March to stop the spread of COVID-19, 2 including lockdown and the temporary closure of many businesses, output and hours worked both (d)..................... sharply for the (e).................... However, hours worked fell more sharply than business output, resulting in a strong overall productivity (f)...................... The many closures imposed by governments to contain the COVID-19 virus led to record employment (g)................, compounded by (h) .................. in hours worked per job. As business output did not (i) .................. in the same proportion as hours worked, this led to an unprecedented increase in (j)...................................... (k)...................................... of businesses fell 2.6%, reflecting the impact of the COVID-19 pandemic in mid-March, along with other factors earlier in the quarter. Output fell in both goods-producing businesses (-1.1%) and service-producing businesses (-2.5%). The sectors most affected were arts, entertainment and recreation (-14.4%), accommodation and food services (-13.1%) and transportation and warehousing (-5.2%). Meanwhile, (l)...................... in the business sector fell 5.8%, surpassing the previous record decline of 2.9% during the 2008/2009 financial crisis
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started