Which of the following is false?
a. The unemployment rate is the number of people officially unemployed divided by the civilian labor force.
b. The labor force includes those people over the age of 14 who are either employed or unemployed
c. Discouraged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force.
d. Some people working overtime or extra jobs might be considered to be overemployed.
b
You might also like to view...
Aggregate output and the interest rate are ________ related to government spending and are ________ related to taxes
A) positively; positively B) positively; negatively C) negatively; positively D) negatively; negatively
A profit-maximizing, single-price monopoly must lower its price in order to sell more output
a. True b. False
Which of the following is a real quantity?
A. The current price of a barrel of oil B. The current wages paid to factory workers C. The number of tons of steel produced in 2005 D. The cost of a new car
If the CPI increases by 3 percent over a year and average nominal income increases by 5 percent, real income has increased by how much