Which of the Following People Would Be Officially Counted as Unemployed

question 166

Multiple Choice

Which of the following people would be officially counted as unemployed?

• A) A person who works only 5 hours per week for pay.
• B) A full-time college student who chooses not to have a paying job.
• C) A family member who works 20 hours per week without pay.
• D) A jobless high-school graduate who is actively looking for work.

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Definitions:

Overhead

Expenses that are not directly associated with the production of goods or services but are required for the company's operations, such as rent, utilities, and administrative salaries.

Book Value

The net value of a company's assets found on the balance sheet, calculated by subtracting liabilities from the total value of assets.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs that increase with production volume.

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus its depreciation.