Ask Question
2 July, 15:52

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. if these persons were counted as employed, then

a. both the unemployment rate and labor-force participation rate would be higher.

b. both the unemployment rate and labor-force participation rate would be lower.

c. the unemployment rate would be higher, and the labor-force participation rate would be higher.

d. the unemployment rate would be lower, and the labor-force participation rate would be unaffected.

+4
Answers (1)
  1. 2 July, 19:01
    0
    A. because they are working, so then by definition labor-force participation rate would be higher.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. if these persons were ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers