Author Question: Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to ... (Read 235 times)

dmcintosh · **on:** Jun 29, 2018

Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true extent of joblessness?

A) inflation
B) discouraged workers
C) unemployed persons falsely report themselves to be actively looking for a job
D) counting people as employed who are working part time, although they would prefer to be working full time

Question 2

Refer to Table 11-1. Based on the table above, which country has a higher standard of living and why?

A) Sweden has a higher standard of living because their GDP per capita is higher.
B) Sweden has a higher standard of living because their GDP is higher.
C) Ireland has a higher standard of living because their GDP per capita is higher.
D) Ireland has a higher standard of living because growth in GDP is greater in Ireland than in Sweden.