Which of the Following Is Not a Way to Become

question 62

Multiple Choice

Which of the following is not a way to become officially unemployed?

• A)quit your job to look for a better job in another part of the country
• B)be fired from your job
• C)look for a job after being out of the labor force for five years
• D)retire
• E)look for a job only for the period in the summer that you are out of school

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Definitions:

GDP Deflator

An economic measure that adjusts nominal GDP for changes in price levels, reflecting the real value of goods and services produced.

Price Level

The total average price level for all domestically produced goods and services.

Base Year

A specific year against which economic growth is measured, serving as a standard of comparison for other years.

National Income

National Income is the total income earned by the residents of a country, including wages, profits, rents, and taxes, minus subsidies, over a certain period of time, often used to assess the economic health of a country.