Business, 14.03.2020 00:16 gchippewa81

The U. S. Department of Labor reported that Michigan's unemployment rate in June 2009 rose to 15.2%, becoming the first state in 25 years to suffer an unemployment rate exceeding 15%. Michigan has been battered by the collapse of the auto industry and the housing crisis and has had the highest unemployment rate in the nation for the past 12 months.

Source: CNNMoney, July 17, 2009

Why is the reality of the unemployment problem in Michigan actually worse than the unemployment rate statistic of 15.2percent?

The unemployment rate statistic of 15.2% understates the unemployment problem in Michigan because .

A. the unemployment rate is calculated using a representativesample, so the unemployment rate statistic is a "best guess

B. it does not include people without work who have made specific efforts to find a job within the previous four weeks

C. it does not include marginally attached and discouraged workers and part-time workers who want full-time jobs

D. it includes part-time workers for noneconomic reasons but not part-time workers for economic reasons

E. it includes discouraged workers

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 09:40

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Answers: 2

Answer

Business, 23.06.2019 02:40

If a country is looking to increase economic growth quickly, it should: choose the correct answer from the following choices, and then select the submit answer button. answer choices focus on natural resources and develop physical capital. make investments from domestic savings and adopt new technology. increase spending on human capital and start a new political approach. develop new technologies funded by the public sector.

Answers: 1

Answer

Business, 23.06.2019 11:10

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.

Answers: 3

Answer

Business, 23.06.2019 14:30

In a partnership, loans taken out by the general partners are binding on the limited partners. aren't a liability of either the general or limited partners aren't binding on the limited partners. are null and void.

Answers: 1

Answer

You know the right answer?

The U. S. Department of Labor reported that Michigan's unemployment rate in June 2009 rose to 15.2%,...

Questions