--%>
Assignment Help - homework help

Illustrate Measuring unemployment

Illustrate Measuring unemployment?

E

Expert

Verified

1. The population is divided into three groups:  those under age 16 or institutionalized, that not in labour force and the labour force that includes those ages 16 and over who are willing and able to work.

2. The unemployment rate is defined as the percentage of the labor force that is not employed.

3. The unemployment rate is calculated by random survey of 60,000 households nationwide.

a. Part-time workers are counted as “employed.”

b. “Discouraged workers” who want a job, but are not actively seeking one, are not counted as being in the labor force, so they are not part of unemployment statistic.

   Related Questions in Business Economics

  • Q : Elucidate Reliance on technology and

    Elucidate Reliance on technology and capital goods of the market system?

    		•
  • Q : Reason of Economic problem Why an

    Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.

    		•
  • Q : Determine opportunity cost of making an

    The opportunity cost of making an exact alternative is: (i) useful primarily as an indicator of relative prices. (ii) its nominal costs into terms of all other goods. (iii) the information which guides your decision. (iv) measured through the subjecti

    		•
  • Q : How can we compute operating leverage

    How can we compute operating leverage?

    		•
  • Q : Meaning of Economic Development

    Question Discuss what "economic development" means in the context of this game? (Hint: How do you win, and what do you have at the end of the game that you did not have at the beginning of the game?)

  • Q : Understates the economic cost of a

    Computing the cost of college education like the cost of books, tuition and materials, room as well as board, and spending money: (i) overstates the economic cost of a college education. (ii) accurately measures the economic cost of a college educatio

    		•
  • Q : How do you account for the dominant

    How do you account for the dominant role of corporations in the U.S. economy?

    		•
  • Q : Real rate of interest Question: Hubbard

    Question: Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  • Q : Variation of wages in inverse proportion

    This wages vary within inverse proportion to the agreeableness and constancy of the employment was a perception first explicitly stated through: (i) Adam Smith. (ii) Karl Marx. (iii) Thomas Malthus. (iv) John Stuart Mill. (v) David Ricardo.

  • Q : Affects the location of the production

    Explain how, if at all, each of the following affects the location of the production possibilities curve?

    		•