Question

3. Which of the following people would NOT be considered a member of the labor force?
A. 25 year old employee of a car manufacturing plant
B. 19 year old college student who has no desire to have a job
C. 50 year old unemployed man looking for a job
D. 18 year old McDonald's employee
4. What does the unemployment rate measure?
A. The percentage of the population that currently does not have a job.
B. The percentage of the labor force that currently is not employed.
C. The percentage of people in the US who have a job.
D. The increase in purchasing power of the dollar. What type of unemployment occurs because of a recession?
A. Frictional
B. Structural
C. Seasonal
D. Cyclical

Answer 1

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3. B. 19 year old college student who has no desire to have a job.

4. A. The percentage of the population that currently does not have a job.

5. D. Cyclical.

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Answer 2

19-year-old college student who has no desire to have a job would NOT be considered a member of the labor force. Percentage of the population that currently does not have a job is the unemployment rate measure. Cyclical is  type of unemployment occurs because of a recession. option B, A and D are correct.

What is unemployment?

The unemployment is the situation when a person is desperately searching for a job but not able to find one, this situation known as unemployment.

The economic condition of the country is measured by the employment rate in the country, if more people are employed it means the country is healthy economic country.

Thus, option B, A and D are correct.

For more details about unemployment, click here:

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