Which of the following is included in the measurement of unemployment rate? Question 4Answer a. A 25-year old who is a stay-at-home parent b. A laid off worker who goes back to school full time c. A person who goes to job interviews every day d. A person serving his sentence in a maximum security prison

Which of the following is included in the measurement of unemployment rate? Question 4Answer a. A 25-year old who is a stay-at-home parent b. A laid off worker who goes back to school full time c. A person who goes to job interviews every day d. A person serving his sentence in a maximum security prison

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following is included in the measurement of unemployment rate?

Question 4Answer

A 25-year old who is a stay-at-home parent

A laid off worker who goes back to school full time

A person who goes to job interviews every day

A person serving his sentence in a maximum security prison

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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