How Do Economists Measure the Cost of Unemployment

question 30

Multiple Choice

How do economists measure the cost of unemployment?

• A)By the amount by which actual GDP exceeds potential GDP.
• B)By the amount by which potential GDP exceeds actual GDP.
• C)By the difference between real GDP and nominal GDP.
• D)By the difference between GDP and real GNP.
• E)By the total costs of unemployment benefits and welfare payments that have to be paid out.

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Definitions:

Punctuated Correctly

Describes text that is marked with commas, periods, and other punctuation marks appropriately according to grammar rules.

Coordinating Conjunction

A word that connects words, phrases, or clauses that are grammatically equal, examples include and, but, or, nor, for, so, and yet.

Punctuated Correctly

Being punctuated correctly refers to a piece of writing that properly uses punctuation marks, thereby ensuring clarity and readability.

Coordinating Conjunction

A word that connects words, phrases, or clauses of equal importance or structure, such as "and," "but," or "or."