Multiple Choice
The following information is about a hypothetical economy: Full-time employed = 80
Part-time employed = 25
Unemployed = 15
Discouraged workers = 5
Members of underground economy = 6
Consumer Price Index = 110
Refer to the above information.If 6 members of the labour force are presently counted as part of the unemployed when in fact they are employed, the official unemployment rate is overstated by:
A) 0 percentage points.
B) 2 percentage points.
C) 7.5 percentage points.
D) 6 percentage points.
Correct Answer:
Verified
Correct Answer:
Verified
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