When One Worker Is Unemployed for One Year

question 25

Multiple Choice

When one worker is unemployed for one year,

• A)we no longer include that worker in labour- force statistics.
• B)the output that the worker would have produced is lost forever.
• C)it is not a problem because as soon as the worker is employed again, any loss of output goes away.
• D)there may be significant personal costs, but there is no cost to the economy.
• E)there is no effect on national income.

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Definitions:

Poisson Distribution

A probability distribution that models the number of times an event occurs in a fixed interval of time or space.

Null Hypothesis

A null hypothesis is a default position that there is no relationship between two measured phenomena or no difference among groups being compared in a statistical hypothesis test.

Expected Number

The predicted count or quantity based on probability calculations, often used in statistical analysis and planning.

Corps-years

A unit of measure combining the number of corps and the duration in years, though the term might not be standard across contexts.