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Which one of the following statements about official unemployment statistics is correct? A

Economics Nov 11, 2020

Which one of the following statements about official unemployment statistics is correct? A. Official unemployment statistics overstate unemployment because workers who are involuntarily working part time are counted as being employed. B. Official unemployment statistics understate unemployment because individuals receiving unemployment compensation are counted as employed. C. Official unemployment statistics include cyclical and structural unemployment, but not frictional unemployment. D. Official unemployment statistics understate unemployment because discouraged workers aren't counted as unemployed. Mark for ruim

Expert Solution

The correct statement is D that is official unemployment statistics understate unemployment because discoursged workers are not counted as unemployed

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