Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Which of the following statements correctly describe discouraged workers? Check all that apply.They are counted as partially employed by the Bureau of Labor StatisticsThey have given up on looking for a job but are still willing to work.They are the people who did 15 hours of unpaid work in a family-operated enterprise.They are employed workers who are looking for better positions elsewhere,The following table contains employment information for the United States from March 2009.Civilian Noninstitutional Population(Number of people)235,086,000EmployedUnemployed(Number of people) (Number of people)140,887,00013,161,000Discouraged(Number of people)685,000 Homework: Macroeconomic Measurements, Part I: Prices and Unemployment (Ch 06)The following table contains employment information for the United States from March 2009.Civilian Noninstitutional Population Employed(Number of people)235,086,000(Number of people)140,887,000Unemployment Rate =Unemployed(Number of people)13,161,000The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the following formula:Number of persons unemployedChnan Labor ForceDiscouraged(Number of people)685,000Note that the official unemployment rate does not account for discouraged workers. Under the BLS definition, the total number of unemployed workersand the civilian labor force isisIf discouraged workers were to be included, the total number of unemployed workers would bebeFill in the following table by calculating the official unemployment rate using these two different methods.Official Unemployment RateUnemployment Rate with Discouraged Workersand the civilian labor force wouldBased on your calculations, excluding discouraged workers from the official unemployment rate may cause the official rate tothe

Unemployment is a situation in which people are willing to work but not get a job at the prevailing…

Which of the following statements correctly describe discouraged workers? Check all that apply. They are counted as partially employed by the Bureau of Labor Statistics They have given up on looking for a job but are still willing to work. They are the people who did 15 hours of unpaid work in a family-operated enterprise. They are employed workers who are looking for better positions elsewhere.

Which of the following statements correctly describe discouraged workers? Check all that apply. They are counted as partially employed by the Bureau of Labor Statistics They have given up on looking for a job but are still willing to work. They are the people who did 15 hours of unpaid work in a family-operated enterprise. They are employed workers who are looking for better positions elsewhere.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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