Question

Who would be counted as unemployed according to official statistics? Select one: a. Rick, who has...

Who would be counted as unemployed according to official statistics?

Select one:

a. Rick, who has recently retired

b. Peppy, who is waiting to be recalled after a temporary layoff

c. Bryan, who neither has a job nor is looking for one

d. Chris, a full-time student who is not looking for work

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Answer #1

The correct answer is 'Option B'.

A person is considered as unemployed if he is willing and able to work but couldn't find job in the market. Here, Peppy is waiting to be recalled after a temporary layoff. This means that Peppy is in the labor force waiting to be recalled. So, the person would be considered as unemployed. The other three people are not actively looking for work. So, they would not be counted as unemployed. Therefore, the correct answer is 'Option B'.

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