The Bureau of Labor Statistics Counts Discouraged Workers as

question 35

Multiple Choice

The Bureau of Labor Statistics counts discouraged workers as

• A)employed.Including them as employed makes the unemployment rate lower than otherwise.
• B)unemployed.Including them as unemployed makes the unemployment rate higher than otherwise.
• C)out of the labor force.If they were counted as unemployed the unemployment rate would be higher.
• D)None of the above is correct.

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Definitions:

Total Revenue

The total amount of money a company receives from its goods or services, calculated by multiplying the price per unit by the number of units sold.

Quantity Effect

The impact on total consumption or production as a result of a change in quantity, holding price constant.

Price Effect

The change in consumption resulting from a change in the price of a good or service, influencing consumer behavior.

Student Tuition

The fee or payment required for attending an educational institution, such as a college or university.