Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 22, Problem 8IAPA
To determine
To explain:
The amount of
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- Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.arrow_forwardIf many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.arrow_forwardHow do you calculate the unemployment rate? How do you calculate the labor force participation rate?arrow_forward
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