How is unemployment defined?Multiple choice question.Anyone not working.Anyone who is not employed and who is actively looking for work.The people who are 21 years of age and older who are not employed and who are not actively looking for work.The people who are 15 years of age and older who are not employed but who are actively looking for work.

Which of the following are the basic characteristics of an unemployed person?Multiple select question.Has no post secondary educationIs not gainfully employedIs 15 years of age and olderActively looks for workReceives employment insurance

People who are unemployed but not looking for work are considered:Group of answer choicesEmployedOfficially part of the unemployed statisticsNot part of the labor forcePart of the labor force

Data for an economy shows that the unemployment rate is 5%, the participation rate is 60%, and 20 million people 15 years or older are not in the labour force. How many people are unemployed this economy?Group of answer choices

If the number employed is 12 million, the working-age population is 16 million, and the number unemployed is 0.7 million, then the unemployment rate is —.Group of answer choices5.51%5.17%3.75%12%

Exclusion of which of the following tends to understate the true level of unemployment in the economy?Group of answer choicesStudents.Discouraged workers.Children.Retired persons.