The Official Definition of Unemployment

question 97

Multiple Choice

The official definition of unemployment:

• A) overstates the unemployment rate by not accounting for underemployed workers.
• B) understates the unemployment rate by not accounting for members of the armed forces.
• C) understates the unemployment rate by not accounting for discouraged workers.
• D) overstates the unemployment rate by not accounting for discouraged workers.

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Definitions:

Legal Purposes

Refers to activities or actions that are carried out in accordance to the law or intended to fulfill legal requirements.

Recollections

The action of remembering something or the process of bringing past experiences or events back into one’s mind.

Three-System Model

A theoretical framework that explains a concept or process using three distinct but interrelated components.

Information Processing

A theory or approach in psychology that describes how human beings receive, store, retrieve, and use information, likening the mind to a computer.