In: Economics
A discouraged worker is
a worker who does not have a job and has not made...
A discouraged worker is
|
a worker who does not have a job and has not made any efforts
to find a job within the previous four weeks. |
|
a person who only works part time but wants full-time
work. |
|
a worker who is looking for a job but can't find one. |
|
counted as unemployed in the official labor market
statistics. |
|
a worker who is unhappy at his or her job |
Full employment occurs when
|
the unemployment rate is below 6 percent. |
|
there is no cyclical unemployment. |
|
the unemployment rate is zero. |
|
the frictional unemployment rate is equal to the structural
unemployment rate. |
|
there is no frictional unemployment. |
Potential GDP is the level of
|
real GDP that the economy could produce at full
employment. |
|
nominal GDP that is smaller than the real GDP. |
|
GDP that is impossible to achieve. |
|
GDP that fluctuates around actual GDP. |
|
GDP that would be produced if all workers were fully employed
and there was no unemployment. |
Use the table for the question(s) below.
Category |
Number of people |
Working age population |
550,000 |
Number employed |
361,000 |
Number unemployed |
19,000 |
Using the table above, the labor force participation rate is
Use the table for the question(s) below.
Category |
Number of people |
Working age population |
550,000 |
Number employed |
361,000 |
Number unemployed |
19,000 |
Using the table above, the unemployment rate is