Asked by Tanner Cereghino on Jun 14, 2024
Verified
The official unemployment rate would be higher if it included the existence of hidden unemployment or individuals who are:
A) on unemployment compensation.
B) not working.
C) working part time but prefer full-time work.
D) voluntarily retired.
E) unemployed and looking for work.
Hidden Unemployment
Unemployment that includes individuals who have stopped looking for work or those who are underemployed, not fully reflected in official unemployment statistics.
Unemployment Compensation
Financial payments made to individuals who have lost their job until they find new employment, typically administered by government agencies.
Part Time
Employment with fewer hours per week compared to full-time jobs, often offering less benefits and lower pay.
- Understand and identify different types of unemployment and their implications.
Verified Answer
BD
Britney DaltonJun 20, 2024
Final Answer :
C
Explanation :
Hidden unemployment refers to individuals who are not included in the official unemployment rate but are still unemployed. The most common example of hidden unemployment is individuals who are working part time but would prefer full-time work. Therefore, choice C is the best option for this question.
Learning Objectives
- Understand and identify different types of unemployment and their implications.