When one worker is unemployed for one year,
A) we no longer include that worker in labour-force statistics.
B) there may be significant personal costs,but there is no cost to the economy.
C) it is not a problem because as soon as the worker is employed again,any loss of output goes away.
D) there is no effect on national income.
E) the output this worker would have produced is lost forever.
Correct Answer:
Verified
Q2: Suppose the official rate of unemployment reported
Q2: Suppose that next year 300 000 existing
Q4: One reason that economists are interested in
Q5: If there are more job vacancies in
Q7: When real GDP is less than potential
Q8: The total amount of unemployment in the
Q12: Suppose John finishes school and immediately gets
Q15: When the actual unemployment rate is equal
Q18: The total amount of unemployment in the
Q19: One reason that economists are interested in
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