Unemployment Statistics Are Often Criticized for

question 284

Multiple Choice

Unemployment statistics are often criticized for

• A) understating the number of people out of work, because discouraged workers are excluded in the statistics.
• B) overstating the number of people out of work, because retirees are included in the statistics.
• C) understating the number people out of work, because full-time college students are excluded.
• D) overstating the number of people out of work, because the unemployment statistics include all low-income workers.

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Definitions:

Interpret

To explain or provide the meaning of something, often involving analysis of data or information to derive understanding or conclusions.

Years

A unit of time used in various financial calculations, such as the amortization of assets or the term of investments.

Retired

Indicates assets taken out of service or policies terminated.

Unamortized Discount

The portion of the bond discount that has not yet been expensed in the income statement over the bond's life.