2. Discouraged workersWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check allthat apply.They are counted as part of the labor force by the Bureau of Labor Statistics.They are full-time workers who would like to work only part-time.They have given up on looking for a job.They are employed workers who want to earn higher wages.The following table contains U.S. employment information from June 2019.Civilian Population(Persons 16 years old and over)259,037,000Employed Unemployed(Persons) (Persons)157,005,000 5,975,000Discouraged(Persons)425,000The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measureof labor underutilization, which is calculated as follows: (Persons 16 years old and over)259,037,000U-4= 100 ×The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measureof labor underutilization, which is calculated as follows:Unemployed+DiscouragedLabor Force + Discouraged(Persons)157,005,000(Persons)5,975,000(Persons)425,000Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.Official Unemployment Rate U-4 Measure of Labor Underutilization(Percent)(Percent)underemployment.The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.Excluding discouraged workers from the official unemployment rate may cause the official rate tothe true extent of

Discouraged workers are those workers who have given up looking for a job and have not looked for a…

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are employed workers who want to earn higher wages.

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are employed workers who want to earn higher wages.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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