A miner who has been unable to find work for so long that he has stopped looking for work is considered to be ?
Correct answer: A. Not in the labour force
- A. Not in the labour force
- B. Not in the adult population
- C. Unemployed
- D. Employed
Explanation
A person who wants work but has stopped searching is a discouraged worker. Discouraged workers are not counted as unemployed because they are no longer actively seeking employment, so they are outside the labour force.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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