Chapter 12, Problem 2CYU

a)

To determine

The unemployed workers among the people given in the case.

Explanation of Solution

A person who is not actively looking for a job is not considered unemployed. So, Rosa would not be considered unemployed because she gave up looking for job months ago.

Economics Concept Introduction

People are considered unemployed if they are not working currently but actively looking for a job.

The unemployment rate is the ratio of the number of unemployed people to the labor force in an economy.

  $\text{Unemployment}\text{rate = }\frac{\text{Number}\text{of}\text{unemployed}\text{people}}{\text{Labor}\text{force}}\text{×100}$

Where the labor force is the sum of employed and unemployed people in an economy.

b)

To determine

The unemployed workers among the people given in the case.

Explanation of Solution

A person who chooses not to work for a few months is not considered unemployed. So, Anthony would not be considered unemployed because he has chosen not to work for three months. 

c)

To determine

The unemployed workers among the people given in the case.

Explanation of Solution

A person who is actively looking for a job is considered unemployed. So, Grace would be counted as unemployed because just after the end of one job, he is actively looking for another job.

d)

To determine

The unemployed workers among the people given in the case.

Explanation of Solution

Sergio is not considered unemployed as he is more qualified than his current job profile. A person like Sergio is considered underemployed means he is working but overqualified for the current job.

e)

To determine

The unemployed workers among the people given in the case.

Explanation of Solution

Natasha is not considered unemployed as she has given up looking for a job due to the market situation or the non-availability of jobs.