Question.5147 - Homework Assignment 2Answer all of the following questions:1) Name two reasons why the unemployment rate is an imperfect measure of joblessness.2) Due to the existence of "discouraged workers," how does the official unemployment rate overstate or understate the true unemployment rate? Explain.3) How might the government help reduce frictional unemployment?4) Can unions increase economic efficiency? In what ways and under what circumstances? Explain.5) Based on the following, what is the labor force, unemployment rate, and labor force participation rate?Total population: 195.4 millionAdult population: 139.7 millionNumber of unemployed: 5.7 millionNumber of employed: 92.3 million
Answer Below:
One xx the xxxxxx is xxxx it xxxxxxxx all xxx discouraged xxxxxxx who xxx no xxxxxx looking xxx job xxx a xxxxxx period xx time xxxxx discouraged xxxxxxx are xxx counted xx part xx labor xxxxx Another xxxxxx is xxxxxxxxxxxx rate xxxx not xxxxxxxxxxxxx between xxxx time xxxxxxx and xxxx time xxxxxxx This xxxxx that xxxxxxxxxxx working xxxx time xxx if xxxx want xx work xxxx time xxx still xxxxxxxxxx to xx employed xxxx though xxxx may xx underemployed xxx official xxxxxxxxxxxx rate xxxxxxxxxxx the xxxx unemployment xxxx because xx excludes xxxxxxxxxxx workers xxxxx workers xxx not xxxx of xxxxx force xx they xxx not xxxxxxxx looking xxx job xxxx are xxx counted xx unemployed xx they xxxx included xx the xxxxx unemployment xxxx would xx higher xxxx shows xxxx huge xxxxxx of xxxxxx who xxxx job xxxx t xxxxxxxx searching xxx to xxxx of xxxxxxxx Government xxx help xx establishing xxx placement xxxxxxxx online xxxxxxxxx or xxxxxx counselling xxxxx can xxxx them xxxx jobs xxxx efficiently xxx government xxx also xxxx workers xx providing xxxxxxxx programs xx acquire xxx skills xxxxx match xxx available xxx opportunities xxx Unions xxx increase xxxxxxxx efficiency xxxx can xxxx maintain xxxxx market xxxxxxxxx by xxxxxxxxxx extreme xxxx fluctuations xxx improving xxx security xxxx can xxxxxx the xxxxx of xxxxxx and xxxxxxxx new xxxxxxx which xxxxxxxx employers xx the xxxx run xxxxx forced xxxxxxxx unemployed xxxxxxx Unemployed xxxx unemployed xxxxx force xxxxx force xxxxxxxxxxxxx rate xxxxx force xxxxx PopulationMore Articles From Micro Economics
.ico)
.ico)
.ico)
