Why Is the Unemployment Rate an Incomplete Measure

question 60

Multiple Choice

Why is the unemployment rate an incomplete measure?

• A) It includes those actively searching for work.
• B) It includes students.
• C) It excludes those who have stopped looking for work.
• D) It excludes part-time workers.

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Definitions:

Collective Action

Action taken together by a group of people whose goal is to enhance their status and achieve a common objective.

System Justification Theory

A theory suggesting that people have a psychological tendency to defend and justify the status quo, even at the expense of personal or group interest.

Social Identity Theory

Social identity theory is a psychological framework that posits individuals derive part of their identity and self-esteem from the groups to which they belong.

Status Quo

The existing state or condition of a situation, which is often seen as the standard or norm.