Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider these facts: (1) Some people who are employed or who are not making a serious effort to nd employment will report themselves as unemployed.

image text in transcribed
Consider these facts: (1) Some people who are employed or who are not making a serious effort to nd employment will report themselves as unemployed. (2) Some people who want to nd work will be counted as out of the labour force. How do these facts affect the reported unemployment rate? Select one: Q The rst fact tends to make the reported unemployment rate higher than the actual unemployment rate. The second fact tends to make the reported unemployment rate lower than the actual rate. Q Both the first and the second facts tend to make the reported unemployment rate lower than the actual unemployment rate. Q The rst fact tends to make the reported unemployment rate lower than the actual unemployment rate. The second fact tends to make the reported unemployment rate higher than the actual rate. Q Both the first and the second facts tend to make the reported unemployment rate higher than the actual unemployment rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

12th edition

9780134487151, 013448715X, 978-0134674681

Students also viewed these Economics questions

Question

=+What is the EVPI?

Answered: 1 week ago

Question

10. What is meant by a feed rate?

Answered: 1 week ago