Answered: An unemployed person is A person…

An unemployed person is A person who wants a to work but does not look for one A person who is actively seeking a paid job A university graduate A volunteer who does charity work

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section: Chapter Questions

Problem 3DQ

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Question

An unemployed person is

A person who wants a to work but does not look for one
A person who is actively seeking a paid job
A university graduate
A volunteer who does charity work

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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