The Unemployment Rate May Underestimate the True Extent of Unemployment

question 108

Multiple Choice

The unemployment rate may underestimate the true extent of unemployment if:

• A)​many part-time employees would like to work full-time, but are unable to get the additional work.
• B)​employees increase the number of hours they work overtime.
• C)​there are a large number of people working in the underground economy.
• D)​any of the above occur.

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Definitions:

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The overall capacity or ability that a person or organization has to achieve something, not limited to a specific area.

Problem Solving

The process of identifying a problem, developing possible solutions, and implementing a solution.

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

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