- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 15. Understanding Business Cycles
- Subject 3. Unemployment
CFA Practice Question
An individual who is working part-time at an office job instead of full-time is considered to be ______.
B. discouraged
C. voluntarily unemployed
A. underemployed
B. discouraged
C. voluntarily unemployed
Correct Answer: A
An underemployed person works full-time at a job for which he or she is overqualified, or at a part-time job for which he or she is qualified. In this case, the individual is willing to provide more employment, which can increase the overall output.
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