The Official U-3 Unemployment Rate Includes the Total Number of People

question 71

Multiple Choice

The official U-3 unemployment rate includes the total number of people who

• A) have jobs or are currently looking for jobs.
• B) are available and looking for work but unable to find employment.
• C) would like to have a job but have stopped seeking work.
• D) would like to have a full-time job but are working part-time.

---

Definitions:

Primary Products

Basic commodities that are used as inputs by other industries for production processes, including agricultural products, minerals, and raw materials.

Developing Countries

Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

Manufactured Goods

Products that have been processed or transformed from raw materials into finished goods ready for sale.

Services

Intangible products such as healthcare, education, and entertainment that are provided to consumers.