Which of the Following Statements About Unemployment Is True

question 22

Multiple Choice

Which of the following statements about unemployment is true?

• A) To be officially unemployed,a person has to be in the labor force.
• B) A person who is not working is officially unemployed.
• C) A person who is working part-time but would like to be working full-time is considered to be unemployed.
• D) A person who is retired and not looking for a job is still considered unemployed.
• E) A person who is a full-time student and not seeking employment is still considered unemployed.

---

Definitions:

Semiannually

Occurring twice a year, typically every six months, often used in the context of interest or dividend payment schedules or reporting periods.

Annual Interest Rate

The percentage rate charged or paid over a year for borrowing or saving money.

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return, used in discounting to assess investment opportunities.

Compounded Quarterly

Compounded quarterly refers to the calculation of interest on the initial principal and the accumulated interest over previous periods every quarter.