Which of the Following Factors Makes the Official Unemployment Rate

question 28

Multiple Choice

Which of the following factors makes the official unemployment rate an overstatement of the actual level of unemployment in an economy?

• A) inclusion of discouraged workers
• B) inclusion of those only working part time
• C) inclusion of those who are overqualified for their current jobs
• D) inclusion of those who are marginally attached to the labor force
• E) inclusion of those who pretend to look for work in order to qualify for welfare programs

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Definitions:

Shadow Price

The implied worth or value of an intangible or constrained resource, used in economic or optimization models to assess opportunity costs.

Dual Value

A concept in linear programming and optimization, representing the worth of relaxing a constraint by one unit in the objective function.

Redundant Constraint

A constraint in a mathematical model that does not affect the feasible region or solution because it is already implied by other constraints.

Linear Programming

A mathematical methodology used to achieve the best outcome in a model with linear relationships, subject to constraints, commonly applied in optimization scenarios.