The BLS Reports the U-6 Measure of Labor Underutilization

question 82

Multiple Choice

The BLS reports the U-6 measure of labor underutilization.Which of the following is how it computes U-6?

• A)(total unemployed + marginally attached workers)/adult population
• B)(total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population
• C)(total unemployed + marginally attached workers)/(labor force + marginally attached workers)
• D)(total unemployed + marginally attached workers + part time employed for economic reasons)/(labor force + marginally attached workers)

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Definitions:

Profits

Financial gains obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the operation.

Farmer

An individual engaged in the practice of raising crops or livestock, typically for food or raw materials.

Profit-Maximizing

The process by which a firm determines the price and output level that returns the greatest profit.

Per-Bushel Profit

The financial gain earned by selling a bushel (a unit of measure for volume) of agricultural produce, after subtracting the cost of production.