The Official Unemployment Rate Disguises the Extent of the Unemployment

question 61

Multiple Choice

The official unemployment rate disguises the extent of the unemployment problem because:

• A)children are not counted as unemployed.
• B)retired persons are not counted as unemployed.
• C)full-time students are not counted as unemployed.
• D)discouraged workers are counted as unemployed.
• E)people overqualified for their current job are not considered unemployed.

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Definitions:

Common Fixed Expenses

Expenses that do not vary with the level of production or sales, and are shared across different segments or products of a company.

Total Fixed Expenses

The cumulative amount of all expenses that do not change with the level of production or sales within a certain range and period.

Division A

A designated segment or business unit within a larger organization, typically focused on a specific product line or market sector.

Break-Even

The juncture where the total expenses match the total income, indicating neither a profit nor a loss is made.