Fill in the blanks using the number that corresponds to the correct word or phrase below Labor statistics Labor force participation rate underemployed Percentage or rate census Not in the Labor force Discouraged workers     An individual with a college degree in finance who is working as a sales clerk would be considered  . Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as  .  The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called  Unemployment is calculated as a    The Bureau of  tracks and reports all data related to unemployment. Children should be counted as  Those who  have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as  The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S.  Bureau.

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

Fill in the blanks using the number that corresponds to the correct word or phrase below

  1. Labor statistics
  1. Labor force participation rate
  1. underemployed
  1. Percentage or rate
  1. census
  1. Not in the Labor force
  1. Discouraged workers

 

 

An individual with a college degree in finance who is working as a sales clerk would be considered  .

Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as  .

 The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called 

Unemployment is calculated as a 

 

The Bureau of  tracks and reports all data related to unemployment.

Children should be counted as 

Those who  have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as 

The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S.  Bureau.

Expert Solution
steps

Step by step

Solved in 3 steps

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
  • SEE MORE 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