Which One of the Following Statements Is True

question 263

Multiple Choice

Which one of the following statements is true?

• A) The existence of unemployment places the economy at a point inside its production possibilities curve.
• B) The unemployment rate is the percentage of the population not working.
• C) To be counted as part of the labor force, an individual must be working more than 40 hours a week.
• D) The sum of wages lost by all unemployed workers gives an accurate, comprehensive estimate of the total cost of unemployment.

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