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Which one of the following describes unemployment?

 Options:

A. The number of people who voluntarily choose not to work. B. The number of people who are jobless and are actively seeking work. C. The number of people who are not actively seeking work. D. The number of people actively seeking work who find work.

 

The Correct Answer Is:

• B. The number of people who are jobless and are actively seeking work.

Answer Explanation:

A. The number of people who voluntarily choose not to work:

This option does not describe unemployment. It refers to individuals who have made a voluntary decision not to work, which is different from being jobless and actively seeking employment.

Unemployment typically involves individuals who want to work but cannot find suitable job opportunities.

B. The number of people who are jobless and are actively seeking work:

This is the correct definition of unemployment. Unemployment is the state of being without a job or occupation and actively looking for work.

People who fall into this category are considered part of the labor force and are usually included in unemployment statistics

C. The number of people who are not actively seeking work:

This option refers to individuals who are not actively looking for work and, therefore, do not fit the definition of unemployment.

Some people may not be seeking work due to various reasons, such as retirement, full-time caregiving, or pursuing further education.

D. The number of people actively seeking work who find work:

This option describes the outcome of individuals who were previously unemployed and actively seeking work but have since found employment.

It does not define unemployment but rather focuses on the transition from unemployment to employment.

In summary, unemployment is best described by option B, as it involves individuals who are without a job and are actively searching for employment opportunities.

Options A, C, and D do not accurately define unemployment but refer to different situations related to work and employment.

• Which could provide an individual with the motivation to start a new business venture?