The next question(s) refer to the following data:
Suppose a country using the Australian system of unemployment statistics has 300 million people, of whom 200 million are working age. Of these 200 million, 80 million have jobs. Of the remainder: 40 million are actively searching for jobs; 40 million would like jobs but are not searching; and 40 million do not want jobs at all.
-Macroeconomists are concerned about unemployment because changes in the unemployment rate provide information about:
A) the welfare of those who are unemployed.
B) the level of support payment required from the government.
C) how efficiently the economy is utilising its human resources.
D) Both A and B.
E) Both A and C.
Correct Answer:
Verified
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