When People Consume More Leisure

question 171

Multiple Choice

When people consume more leisure:

• A) the hours in the workweek will increase.
• B) the nation's GDP will decrease as a result of fewer hours worked.
• C) the nation's GDP will increase as a result of the value of leisure.
• D) the nation's GDP will not be affected.

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Definitions:

State Unemployment Funds

Reserves maintained by individual U.S. states to provide unemployment benefits to eligible laid-off workers.

Payroll Tax

Financial obligations enforced on both employers and employees, usually measured as a portion of the compensation employers provide to their personnel.

Federal Government

The national government of a federated state, which is the central authority governing over all the regions or states that comprise the nation.

Unemployment Program

A government initiative providing financial assistance and support services to eligible individuals who are temporarily out of work.