Table 28-3
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​ -Refer to Table 28-3

question 293

Multiple Choice

Table 28-3
​
​
$$\begin{array} { | l | l | } \hline \text { Civilian labor force } & 100 \text { million } \\\hline \text { Persons unemployed } 15 \text { weeks or longer } & 1.6 \text { million } \\\hline \text { Job losers and persons who have completed temporary jobs (excludes job leavers) } & 3.1 \text { million } \\\hline \text { Total unemployed } & 6.2 \text { million } \\\hline \text { Total unemployed plus discouraged workers } & 7.0 \text { million } \\\hline \text { Total unemployed plus all marginally attached workers } & 8.1 \text { million } \\\hline \text { Total unemployed plus all marginally attached workers plus total employed part-time } & 9.2 \text { million } \\\text { for economic reasons } & \\\hline\end{array}$$
-Refer to Table 28-3. What is the U-1 measure of labor underutilization?

• A)1.6%
• B)3.1%
• C)6.2%
• D)7.0%

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Definitions:

Statute of Frauds

A rule of law mandating that specific contract categories must be documented and signed in order to be legally binding.

Writing Requirement

The legal necessity for certain contracts to be in writing in order to be enforceable, such as real estate transactions.

Reliance

Dependence or trust in something or someone for support or to fulfill needs.

Subdivision

The act of dividing land into plots or pieces that may be developed, sold, or otherwise used separately.