Mind lap - Cengage Learn G 2.77 in percentage - Good × myView /static/nb/ui/evo/index.html?deploymen 606065232402230437323821149&elSBN 9780357720578&id=2191830610&snapshotld=4155437& CENGAGE MINDTAP Homework: Chapter 06 6. Discouraged workers Which of the following statements correctly describe discouraged workers? Check all that apply. They have given up on looking for a job but are still willing to work. They are part-time workers willing to work full time. They are full-time workers who would like to work part time. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains employment information for the United States from March 2008. Civilian Noninstitutional Population (Number of people) 232,995,000 Employed (Number of people) 146,023,000 Unemployed (Number of people) 7,820,000 Discouraged (Number of people) 401,000 The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the following formula: Unemployment Rate Number of persons unemployed Civilian Labor Force Note that the official unemployment rate does not account for discouraged workers. Under the BLS definition, the total number of unemployed workers is 7,820,000 and the civilian labor force is 232,995,000 77 If discouraged workers were to be included, the total number of unemployed workers would be 8.221.000 and the civilian labor force would be Fill in the following table by calculating the official unemployment rate using these two different methods. Esc FO F1 F2 F3 F4 F5 F6 F6 F7 DELL F8 F9 sa Fill in the following table by calculating the official unemployment rate using these two different methods. Official Unemployment Rate Unemployment Rate with Discouraged Workers Based on your calculations, excluding discouraged workers from the official unemployment rate may cause t true extent of underemployment. Tab Esc F1 Caps Lock ! 1 2 σ A F2 Grade D F3 F4 F5 F6 F7 F8 # $ 3 4 25 % Λ & * 7 8 00 W E R Y D כ S D F G
Mind lap - Cengage Learn G 2.77 in percentage - Good × myView /static/nb/ui/evo/index.html?deploymen 606065232402230437323821149&elSBN 9780357720578&id=2191830610&snapshotld=4155437& CENGAGE MINDTAP Homework: Chapter 06 6. Discouraged workers Which of the following statements correctly describe discouraged workers? Check all that apply. They have given up on looking for a job but are still willing to work. They are part-time workers willing to work full time. They are full-time workers who would like to work part time. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains employment information for the United States from March 2008. Civilian Noninstitutional Population (Number of people) 232,995,000 Employed (Number of people) 146,023,000 Unemployed (Number of people) 7,820,000 Discouraged (Number of people) 401,000 The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the following formula: Unemployment Rate Number of persons unemployed Civilian Labor Force Note that the official unemployment rate does not account for discouraged workers. Under the BLS definition, the total number of unemployed workers is 7,820,000 and the civilian labor force is 232,995,000 77 If discouraged workers were to be included, the total number of unemployed workers would be 8.221.000 and the civilian labor force would be Fill in the following table by calculating the official unemployment rate using these two different methods. Esc FO F1 F2 F3 F4 F5 F6 F6 F7 DELL F8 F9 sa Fill in the following table by calculating the official unemployment rate using these two different methods. Official Unemployment Rate Unemployment Rate with Discouraged Workers Based on your calculations, excluding discouraged workers from the official unemployment rate may cause t true extent of underemployment. Tab Esc F1 Caps Lock ! 1 2 σ A F2 Grade D F3 F4 F5 F6 F7 F8 # $ 3 4 25 % Λ & * 7 8 00 W E R Y D כ S D F G
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
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)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
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-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education