People Who Report Being Unemployed but Who, in Fact, Are

question 203

True/False

People who report being unemployed but who, in fact, are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

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Definitions:

Farm Outputs

The total variety and quantity of goods produced by farming activities, including crops, livestock, and other agricultural products.

Dairy Margin Protection Program

A federal program in the United States designed to protect dairy producers when the margin between milk prices and feed costs falls below a certain level.

Agricultural Act

Legislation concerning the agricultural sector, typically involving policies on farming, subsidies, crop insurance, and food safety, among other areas.

Marketing Loan Program

A federal farm subsidy under which certain farmers can receive a loan (on a per-unit-of-output basis) to plant a crop and then, depending on the harvest price of the crop, either pay back the loan with interest or keep the loan proceeds while forfeiting their harvested crop to the lender.