Table 15-4 -Refer to Table 15-4

question 257

Multiple Choice

Table 15-4
$\begin{array}{|l|l|}\hline \text { Civilian labor force } & 100 \text { million } \\\hline \text { Persons unemployed } 15 \text { weeks or longer } & 1.6 \text { million } \\\hline \text { Job losers and persons who have completed temporary jobs (excludes job leavers) } & 3.1 \text { million } \\\hline \text { Total unemployed } & 6.2 \text { million } \\\hline \text { Total unemployed plus discouraged workers } & 7.0 \text { million } \\\hline \text { Total unemployed plus all marginally attached workers } & 8.1 \text { million } \\\hline \begin{array}{l}\text { Total unemployed plus all marginally attached workers plus total employed part-time for } \\\text { economic reasons }\end{array} & 9.2 \text { million } \\\hline\end{array}$

-Refer to Table 15-4. What is the U-4 measure of labor underutilization?

• A)6.5 percent
• B)6.9 percent
• C)7.0 percent
• D)17.9 percent

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Definitions:

Wald Statistic

A statistic used to test the significance of individual coefficients in the context of a larger model.

Lactic Acid

An organic compound produced in muscles during intense activity and in fermentation processes, associated with muscle fatigue and sour tastes.

Logistic Regression

A statistical method for analyzing a dataset in which there are one or more independent variables that determine an outcome, typically used for prediction of binary outcomes.

Concentration

The measure of the amount of a sub-component (solvent, solute, or gas) in a solution.