Asked by Walter Enrique on May 28, 2024
Verified
For purposes of calculating the unemployment rate,a person who works only 20 hours per week
A) is counted as being unemployed.
B) is not included in the labor force.
C) is not included in the population.
D) is not counted as being unemployeD.
Labor Force
The total number of people available to work, including both the employed and the unemployed who are seeking employment.
- Understand the meanings and consequences of different employment conditions, such as complete employment and various forms of unemployment.
- Understand the process for the unemployment rate calculation and note the drawbacks found in governmental statistical outcomes.
Verified Answer
HJ
Harsh JauraMay 30, 2024
Final Answer :
D
Explanation :
A person who works at least 1 hour per week is considered employed and thus is not counted as unemployed.
Learning Objectives
- Understand the meanings and consequences of different employment conditions, such as complete employment and various forms of unemployment.
- Understand the process for the unemployment rate calculation and note the drawbacks found in governmental statistical outcomes.