The official unemployment rate is calculated as:
A) the number of working-age people 15 years of age or older who are employed, divided by the number of people in the labour force
B) all people 18 years of age or older who are employed, plus all those unemployed who are actively seeking work
C) the percentage of the working-age population 15 years or older who are not working but are actively seeking work
D) the number of people 15 years or older who are not employed and are actively seeking work, divided by the number of people in the labour force
Correct Answer:
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Q1: If David recently graduated and is looking
Q3: Cyclical unemployment arises when the economy is
Q4: The natural rate of unemployment is:
A)unchanging
B)inevitable
C)always increasing
D)affected
Q5: Economists and policymakers should focus on solving
Q6: An economy's natural rate of unemployment refers
Q7: According to the theory of efficiency wages,
Q8: Which of the following is the correct
Q9: Cyclical unemployment refers to:
A)year-to-year fluctuations of unemployment
Q10: Efficiency wages are:
A)one explanation for the natural
Q11: Firms may find it profitable to pay
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