According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?
Correct answer: B. Not in the labour force
- A. Employed
- B. Not in the labour force
- C. A discouraged worker
- D. Unemployed
Explanation
A person who stays home to provide household care is neither working for pay nor actively seeking work. Under labour-force statistics, that person is not in the labour force, rather than unemployed.
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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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