An Issue with the Labour Force Survey (LFS)which Overstates the Extent

question 274

Multiple Choice

An issue with the Labour Force Survey (LFS) which overstates the extent of joblessness is

• A)individuals who are working but concealing it for legal reasons are counted as unemployed.
• B)they verify claims that people have actively looked for work.
• C)they tend to count unemployed people more often because they are not working.
• D)there is no distinction between employees who work part-time but would like to have a full-time job and those who are content with their full- or part-time job.
• E)people who choose not to work are counted as unemployed.

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Definitions:

SONIA

Sterling Overnight Index Average, an interest rate benchmark that reflects the average of the interest rates that banks in London pay to borrow sterling overnight from other financial institutions.

Tokyo Interbank Rate

The interest rate at which banks lend to each other in the Tokyo money market, similar to LIBOR in London.

Euribor

The interest rate at which banks lend to each other in euros within the Euro interbank market.

Par Value

The face value of the bond. The payment to the bondholder on the bond’s maturity date.