Chapter 15, Problem 1CQQ

To determine

Number of unemployed.

Answer to Problem 1CQQ

Option “a” is correct.

Explanation of Solution

Option (a):

The person who is not currently at work but who has actively worked during the previous month is referred to as unemployed. Therefore, the number of unemployed is 10. Thus, option “a” is correct.

Option (b):

Here 40 peoples are full-time workers, 20 people work half-time but are referred to full-time workers, 10 are looking for a job,10 would like to work but are so discouraged that they have given up looking for a job, 10 are not interested in working because they are full-time students and 10 are retired. From this category, the number of people who are looking for job (10) is the number of unemployed from the total population of 100. Thus, option “b” is incorrect.

Option (c):

From different category of people according to their employment status, it is found that 10 people are unemployed. Thus, option “c” is incorrect.

Option (d):

40 peoples are included in full-time working category and only 10 peoples are considered to be the unemployed. Thus, option “d” is incorrect.

Economics Concept Introduction

Concept introduction:

Unemployed: In government statistics, a person who is not currently at work but is available to do work and has actively worked during the previous month is referred to as unemployed.