2. Discouraged workersWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check allthat apply.O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.O They are employed workers who want to earn higher wages.O They have given up on looking for a job.O They are counted as part of the labor force by the Bureau of Labor Statistics.The following table contains U.S. employment information from June 2019.Civilian PopulationEmployedUnemployedDiscouraged(Persons 16 years old and over)(Persons)(Persons)(Persons)259,037,000157,005,0005,975,000425,000The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measureof labor underutilization, which is calculated as follows:Unemployed+DiscouragedU-4 = 100 X Tabor Force + DiscouragedFill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.Official Unemployment RateU-4 Measure of Labor Underutilization(Percent)(Percent)The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment ratewould

Discouraged laborers establish one gathering of inert work-searchers. These are persons who, while…

2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all hat apply. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They are employed workers who want to earn higher wages. O They have given up on looking for a job. O They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S. employment information from June 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,037,000 157,005,000 5,975,000 425,000

2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all hat apply. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They are employed workers who want to earn higher wages. O They have given up on looking for a job. O They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S. employment information from June 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,037,000 157,005,000 5,975,000 425,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Easy beginner econ question. Thank you!
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