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]

Answered: When we calculate the unemployment rate…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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]

Expert Solution

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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