During the 2008-09 Recession,the U-6 Measure of the Unemployment Rate

question 89

Multiple Choice

During the 2008-09 recession,the U-6 measure of the unemployment rate

• A)which counts marginally attached workers and discouraged workers as unemployed,reached 17 percent.
• B)which counts marginally attached workers and discouraged workers as employed,reached 10 percent.
• C)which counts marginally attached workers as unemployed but does not count discouraged workers as unemployed,reached 17 percent.
• D)which counts all part time workers as employed,reached 12 percent.
• E)which counts discouraged workers as unemployed but does not count marginally attached workers as unemployed,reached 17 percent.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Inventory

The entirety of goods and materials held by a company for the purpose of resale, manufacturing, or repair.

Income Statement

a financial report that provides a summary of a company’s revenues, expenses, and profits/losses over a specific period of time.