When we calculate the unemployment rate we divide the adult population between the labor force and not in the labor force. Do each of the following count in the labor force? A discouraged worker [Select] A person with no job who is looking for a job [Select] A retired person capable of working ( Select] A part time worker [Select] [ Select A college student with no job [Select] >
When we calculate the unemployment rate we divide the adult population between the labor force and not in the labor force. Do each of the following count in the labor force? A discouraged worker [Select] A person with no job who is looking for a job [Select] A retired person capable of working ( Select] A part time worker [Select] [ Select A college student with no job [Select] >
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Yes/no
![When we calculate the unemployment rate we divide the adult population between the
labor force and not in the labor force. Do each of the following count in the labor force?
A discouraged worker [Select]
A person with no job who is looking for a job [Select]
A retired person capable of working
[ Select ]
A part time worker [Select]
A college student with no job [Select]
* Previous
Next
ASUS
13
f4
15
f10
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F597251d4-3c1c-4f45-8686-f3aebf7a47cd%2F95873bba-cb80-499b-8edd-7cd6912f730b%2Fmbui3b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:When we calculate the unemployment rate we divide the adult population between the
labor force and not in the labor force. Do each of the following count in the labor force?
A discouraged worker [Select]
A person with no job who is looking for a job [Select]
A retired person capable of working
[ Select ]
A part time worker [Select]
A college student with no job [Select]
* Previous
Next
ASUS
13
f4
15
f10
X
Expert Solution
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Step 1
Unemployment refers to the situation where the person is willing and able to work but unable to find the job. People who are all working and thee capable people who are all actively searching job included in the labor force. Other people who are all unable to work, or not interested to work are all not included in the labor force.
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