Using a Broader Measure of the Unemployment Rate Where Discouraged

question 5

Multiple Choice

Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed,the BLS estimates the unemployment rate in August 2015 would have ________ compared to the measured unemployment rate.

• A)increased by more than 7 percentage points
• B)more than doubled
• C)decreased by less than 1 percentage point
• D)barely changed

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Definitions:

Raw Materials

Basic substances in their natural, modified, or semi-processed states, used as inputs to a production process for manufacturing finished goods.

Quality Control

A process through which a business seeks to ensure that product quality is maintained or improved and manufacturing errors are reduced or eliminated.

Visual Inspection

The process of examining objects, components, or materials for defects using human sight, sometimes assisted by optical instruments.

Mass Production

A manufacturing process characterized by the high volume production of standardized goods using assembly line techniques.