The Australian Bureau of Statistics counts as 'employed', those people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as 'unemployed'. Explain how the unemployment rate and the labour force participation rate would change.
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q36: How is 'long-term unemployment' defined?
A)As those in
Q37: The official unemployment rate may understate the
Q38: Which of the following describes actual trends
Q39: In Australia between 2006 and 2016:
A)the fastest
Q40: The unemployment rate is the number of
Q42: The labour force participation rates of men
Q43: For each of the following, indicate if
Q44: Explain how the rate of unemployment is
Q45: Explain why 'discouraged workers' are not measured
Q46: In 2016, the unemployment rate in Australia
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents