Suppose the Bureau of Labor Statistics Reports That the Noninstitutional

question 6

Multiple Choice

Suppose the Bureau of Labor Statistics reports that the noninstitutional civilian population is 250 million.Of those,150 million are employed and 5 million are unemployed.Of the 150 million employed,5 million would like to be working twice as many hours and of the 250 million,5 million have given up the search for work.The unemployment rate reported by the BLS would be __________,while if the BLS counted the discouraged workers as unemployed the unemployment rate would be __________.

• A) 6.25%;3.2%
• B) 2%;6.25%
• C) 6.25%;2%
• D) 3.2%;6.25%
• E) 6%;6.25%

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Definitions:

Fixed Costs

Operating expenses that stay constant regardless of changes in the level of output or sales volume, like leases and salaries.

Asset Investment

The use of funds to purchase property, securities, or other assets to generate returns or achieve strategic goals.

Operating Assets

Assets used in the day-to-day operations of a business to generate revenue, excluding investment and idle assets.

Controllable Margin

A measure of profitability that represents the amount of income over which managers have control, usually after direct costs have been deducted from revenues.