Suppose that in a particular economy there are 2 million part-time workers,10 million full-time workers,and 4 million unemployed.What is the effect on the unemployment rate of 2 million of the part-timers become full-time workers?

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force (the sum of employed and unemployed individuals). If part-time workers become full-time, it does not change the number of unemployed individuals or the size of the labor force, thus the unemployment rate remains unchanged.

Suppose That in a Particular Economy There Are 2 Million