Jordan Meadows lost his job as an airline pilot and has not been able to find another job as a pilot. Since he is old enough to be eligible for his pension, he decides to retire and devote himself to caring for his elderly parents. According to the Bureau of Labor Statistics, Jordan is:
D) not in the labor force.
Step-by-step explanation:
- Jordan Meadows lost his job as an airline pilot and has not been able to find another job as a pilot. Since he is old enough to be eligible for his pension, he decides to retire and devote himself to caring for his elderly parents. According to the Bureau of Labor Statistics, Jordan is:
- D) not in the labor force.
- The economy of a nation is considered to be at full employment when the actual unemployment rate is equal to the original rate.
- When the economy is at complete employment,then the real GDP is equal to potential real GDP.