Question

An economy has five people: george, sarah, mason, abbot, and jin. george works for plastics, inc., 40 hours a week. sarah works for baker's united for 20 hours a week and would like to move from part-time work to full-time work. mason has been looking for work and applying for jobs for the past six months after he finished completing his high school education. abbot worked for baker's united for the first six months of the year before he was fired; for the next four months abbot sought work, but finally gave up looking for work when he realized that it was unlikely that he would be able to find work in this economy. jin is 70 years old and enjoys reading, needlepoint, and watching movies. the unemployed in this economy include:

Answer 1

The unemployed people in this economy are MASON AND ABBOT.
Unemployment is said to occur in an economy, when people who are in the working age bracket actively search for work for a long time without getting any. There are different types of unemployment. Unemployment rate is usually used to gauge how healthy an economy is. In the scenario given above, it can be seen that both Mason and Abbot are of working age and they are both actively searching for work without finding one.