When calculating unemployment figures in a given population, economists count those:
A)Looking for paid work
B)Early retirees seeking extra income
C)Discouraged after long searches
D)Incarcerated in prisons

Question

Quizplus · Accepted Answer

Unemployment figures count those people who are looking for paid work.
Key Takeaway: In a given society, unemployment figures are only indirectly related to the number of people who are without work. In other words, those figures only count people who are actively seeking paid work. Unemployment figures do not count early retirees seeking extra income, those discouraged after long searches, and prison inmates. The figures also do not count people in the military and people who are self-employed or wish to be self-employed.

When Calculating Unemployment Figures in a Given Population, Economists Count