Someone Who Is Without Work but Is Not Looking for Work

question 237

True/False

Someone who is without work but is not looking for work would be counted as unemployed by the BLS.

---

Definitions:

General Journal Entries

Recorded accounting transactions in the general journal that detail the financial activities of a business.

Transactions

Transactions refer to the exchange of goods, services, or financial assets in business activities.

Journal Entries

The method of recording financial transactions in an accounting system, where each transaction is entered twice to maintain the balance of the accounting equation.

Transactions

The events or interactions between businesses or individuals that have economic substance and can be measured in terms of money.