Question

the peak of the business cycle can best be defined as the point where * 1 point
o economic growth stabilizes
o economic growth reaches its highest rate

which of the following are not omitted from the unemployment rate? * 1 point
o individuals who have retired from the workforce
o workers who are employed part - time and are seeking full - time jobs
o workers who have lost their jobs and are seeking new employment
o individuals who are not actively seeking jobs

Explanation:

The peak of the business - cycle is when economic growth reaches its highest rate. The unemployment rate is calculated as the number of unemployed (actively seeking work) divided by the labor force. Retired individuals, part - time workers seeking full - time jobs, and those not actively seeking jobs are not counted in the labor force for unemployment rate calculation. Workers who have lost their jobs and are seeking new employment are part of the unemployed in the unemployment rate calculation.

Answer:

1. economic growth reaches its highest rate
2. workers who have lost their jobs and are seeking new employment