Homework Help is Here – Start Your Trial Now!
Business
Economics
4. 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 that apply. They have not looked for a job in 6 weeks, but they would like a job and are available for work. They are employed workers who want to earn higher wages. They are full-time workers who would like to work only part-time. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from December 2010. Civilian Population (Persons 16 years old and over) 238,889,000 Employed Unemployed Discouraged (Persons) (Persons) (Persons) 139,206,000 14,485,000 1,318,000

4. 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 that apply. They have not looked for a job in 6 weeks, but they would like a job and are available for work. They are employed workers who want to earn higher wages. They are full-time workers who would like to work only part-time. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from December 2010. Civilian Population (Persons 16 years old and over) 238,889,000 Employed Unemployed Discouraged (Persons) (Persons) (Persons) 139,206,000 14,485,000 1,318,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question
100%

Need help with this question.

Do both 1 and 2.

On the 2nd picture at the end where it says:

Excluding discouraged workers from the official unemployment rate may cause the official rate to (Choose between: overstate or understate) the true extent of underemployment.

4. 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 that apply. They have not looked for a job in 6 weeks, but they would like a job and are available for work. They are employed workers who want to earn higher wages. They are full-time workers who would like to work only part-time. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from December 2010. Civilian Population (Persons 16 years old and over) 238,889,000 Employed Unemployed Discouraged (Persons) (Persons) (Persons) 139,206,000 14,485,000 1,318,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which takes into account discouraged workers and is calculated as follows: U-4 100x Unemployed+Discouraged Labor Force + Discouraged
Transcribed Image Text:4. 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 that apply. They have not looked for a job in 6 weeks, but they would like a job and are available for work. They are employed workers who want to earn higher wages. They are full-time workers who would like to work only part-time. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from December 2010. Civilian Population (Persons 16 years old and over) 238,889,000 Employed Unemployed Discouraged (Persons) (Persons) (Persons) 139,206,000 14,485,000 1,318,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which takes into account discouraged workers and is calculated as follows: U-4 100x Unemployed+Discouraged Labor Force + Discouraged
Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate U-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. Excluding discouraged workers from the official unemployment rate may cause the official rate to underemployment. the true extent of
Transcribed Image Text:Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate U-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. Excluding discouraged workers from the official unemployment rate may cause the official rate to underemployment. the true extent of
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Unemployment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS