Which Is True Concerning U-2

question 48

Multiple Choice

Which is true concerning U-2?
i.It does not count marginally attached workers as unemployed.
ii.It counts as unemployed workers who were laid off. iii) It is smaller than U-3.

• A)ii and iii
• B)i only
• C)i and iii
• D)i, ii and iii
• E)i and ii

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Definitions:

Marginal Revenue

The increased earnings a business obtains from the sale of one extra item or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product.

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.

Economic Profit

The divergence between aggregate income and total outlays, inclusive of both tangible and intangible expenses.