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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 24
Why might the official measure of civilian unemployment in the U.S. be an understatement of actual unemployment?
A) Because some workers become discouraged and no longer are actively seeking work. Thus they are not officially counted in the labor force, and consequently are not officially unemployed.
B) Because the official measure of civilian unemployment fails to account for very high levels of unemployment among active-duty military personnel.
C) Because the statistics count part-time employment as being no different from full-time employment, even though many part-time workers would prefer to be fully employed.
D) Both answers a. and c. above are correct.
A) Because some workers become discouraged and no longer are actively seeking work. Thus they are not officially counted in the labor force, and consequently are not officially unemployed.
B) Because the official measure of civilian unemployment fails to account for very high levels of unemployment among active-duty military personnel.
C) Because the statistics count part-time employment as being no different from full-time employment, even though many part-time workers would prefer to be fully employed.
D) Both answers a. and c. above are correct.
Explanation
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Economics for Today 9th Edition by Irvin Tucker
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