Using the definition of unemployment, which of the following individuals would be unemployed?
A) A full-time student quits school, enters the labor market for the first time, and searches for employment.
B) Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job.
C) Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon.
D) All of these individuals are unemployed.
Correct Answer:
Verified
Q18: Which of the following statements is incorrect?
A)
Q19: Which of the following is NOT included
Q20: The working-age population is defined as the
Q21: The unemployment rate is defined as the
A)
Q22: The unemployment rate equals
A) labor force/working age
Q24: The official U-3 unemployment rate includes the
Q25: The _is calculated as the number of
Q26: The official U-3 unemployment rate
A) counts discouraged
Q27: The unemployment rate is found by dividing
Q28: In an economy, 42 million people are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents