In Calculating the Unemployment Rate,part-Time Workers Over the Age of 16

question 187

Multiple Choice

In calculating the unemployment rate,part-time workers over the age of 16 are counted as

• A)employed.
• B)unemployed.
• C)not in the labor force.
• D)employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers.
• E)not in the working-age population.

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Definitions:

World War I

A global conflict that occurred from 1914 to 1918, primarily involving major European powers, and is known for trench warfare and the use of new military technologies.

Deindustrialization

Term describing decline of manufacturing in old industrial areas in the late twentieth century as companies shifted production to low-wage centers in the South and West or in other countries.

U.S. Economy

The economic system of the United States, characterized by a mixed economy with significant levels of both private and public sector activity.

1970s

A decade known for significant cultural, political, and technological changes worldwide, including the end of the Vietnam War and the beginning of the environmental movement.