Which of the following statements is NOT true?
A) The unemployment rate is the percentage of the total population that is unemployed.
B) The official unemployment rate does not account for discouraged workers.
C) The unemployment rate does not account for underemployed or part-time workers.
D) To be considered as part of labor force, one must be 16 years or older.
Correct Answer:
Verified
Q55: Suppose that the cost of a representative
Q56: The high point of a business cycle
Q57: The nominal GDP and the Consumer Price
Q58: If the Consumer Price Index (CPI) in
Q59: Which of the following statements is NOT
Q61: If an economy has a labor force
Q62: An economy has a labor force of
Q63: The type of unemployment that occurs as
Q64: Full employment refers to the level of
Q65: The rate of unemployment when there is
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