Solved

How Would the Unemployment Rate and the Labour Force Participation

Question 55

Essay
How would the unemployment rate and the labour force participation rate change if discouraged workers were counted as 'unemployed' rather than as being in the 'not-in-the-labour force' category? Show this using the formula for both measurements.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

How would the unemployment rate and the labour force participation rate change if discouraged workers were counted as 'unemployed' rather than as being in the 'not-in-the-labour force' category? Show this using the formula for both measurements.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Correct Answer:

verifed

Verified

The unemployment rate is calculated as:
...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents