Question

In: Economics

Which of the following statements correctly describe discouragedworkers? (If none of the choices apply, leave...

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply.

They are full-time workers who would like to work only part-time.

They are employed workers who want to earn higher wages.

They are dissatisfied with their current jobs and are considering quitting.

They have given up on looking for a job.

The following table contains U.S. employment information from July 2019.

Civilian Population

Employed

Unemployed

Discouraged

(Persons 16 years old and over)

(Persons)

(Persons)

(Persons)

259,225,000157,288,0006,063,000368,000

The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows:

U-4U-4=  =100×Unemployed+DiscouragedLabor Force + Discouraged100×Unemployed+DiscouragedLabor Force + Discouraged

Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.

Official Unemployment Rate

U-4 Measure of Labor Underutilization

(Percent)

(Percent)



The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.

Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemployment.

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply.

They are full-time workers who would like to work only part-time.

They are employed workers who want to earn higher wages.

They are dissatisfied with their current jobs and are considering quitting.

They have given up on looking for a job.

The following table contains U.S. employment information from July 2019.

Civilian Population

Employed

Unemployed

Discouraged

(Persons 16 years old and over)

(Persons)

(Persons)

(Persons)

259,225,000157,288,0006,063,000368,000

The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows:

U-4U-4=  =100×Unemployed+DiscouragedLabor Force + Discouraged100×Unemployed+DiscouragedLabor Force + Discouraged

Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.

Official Unemployment Rate

U-4 Measure of Labor Underutilization

(Percent)

(Percent)

    

The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.

Excluding discouraged workers from the official unemployment rate may cause the official rate to   the true extent of underemployment.

Solutions

Expert Solution

Question- Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply.apply.

Anwer- The correct answer for This Question is -

"They have given up on looking for a job"

Basically discouraged workers are those who are eligible for employment but are unemployed and are not searching for employment since the past 4 weeks,they have given upon searching for a job as they have not found any suitable job for them or they were not hired where they applied.

Note-Dear student we are supposed to answer only 1 question at a time ,so please upload the rest of the Questions seperately.


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