Scenario: Suppose an Economy Consists of Only the Following Economic

question 39

Multiple Choice

Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time workers, 1 million part-time workers, 1 million people who have been laid off by their employers but are currently looking for employment, 1 million children aged 15 years or younger, and 2 million housewives not looking for jobs.
-Refer to the scenario above.What is the number of unemployed workers in the economy?

• A) 1 million
• B) 2 million
• C) 3 million
• D) 4 million

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Definitions:

Activities

Activities are tasks, actions, or pursuits that individuals engage in, often for purposes of recreation, learning, or achieving a particular goal.

Correct Verb

Utilization of a verb that accurately expresses the action or state of being applicable to the subject in a sentence.

Tsunami Waves

Large, powerful ocean waves caused by underwater earthquakes, volcanic eruptions, or landslides, capable of causing widespread destruction when they reach coastlines.

Miles Per Hour

A unit of speed expressing the number of miles traveled in one hour, commonly used in the United States and the UK.