Counting Involuntary Part-Time Workers as Unemployed Would

question 120

Multiple Choice

Counting involuntary part-time workers as unemployed would

• A)not change the actual unemployment rate.
• B)lower the measured unemployment rate.
• C)raise the natural unemployment rate.
• D)raise the full employment rate.
• E)raise the measured unemployment rate.

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Definitions:

Public Goods

Goods that are characterized by being non-excludable and non-rivalrous, meaning that no one can be excluded from their use and one person's use does not diminish another's.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that one individual's consumption of the good does not reduce its availability to others and cannot be confined to paying customers only.

Private Goods

Describes products that are excludable and rivalrous, meaning their use by one individual prevents use by another.

Private Consumptions

Expenditure by households and individuals on goods and services for personal use, excluding purchases by businesses or government.