Which One of the Following People Would Be Counted as Unemployed

question 12

Multiple Choice

Which one of the following people would be counted as unemployed according to official statistics?

• A)Brian, a full-time student who is not looking for work
• B)Kate, who is on temporary layoff
• C)Heath, who has retired and is not looking for work
• D)James, who has just graduated from university and is taking a well-deserved long vacation

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Definitions:

Currency Swap

An agreement between two parties to exchange the principal amount and interest in two different currencies.

Spot Market

A market where financial instruments or commodities are traded for immediate delivery.

Expected Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as anticipated by consumers, investors, and economists.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine relative currency values and exchange rates.