Introduction to the Macroeconomy (Aplia) Due on May 29 at 11 59 PM EO Attempts:

Question

Introduction to the Macroeconomy (Aplia) Due on May 29 at 11 59 PM EO Attempts: Keep the Highest: 17 3. Discouraged workers and underemployed workers Aa Aa By keeping track of discouraged workers and underemployed workers, Statistics Canada gets a clearer picture of the true employment situation than if it looked at only the number of unemployed workers which of the following statements correctly describe discouraged workers? Check all that apply. They are employed workers who want to earn higher wages. They are part-time workers who want to work full-time. They have given up looking for work. They would like to have jobs. Consider a hypothetical economy in which the labour force consists of 200 people. Of those, 180 people are employed full-time and 20 people are unemployed. The government of this economy follows the same conventions as Statistics Canada in computing its employment figures. The unemployment rate is simply the number of unemployed people divided by the number of people in the labour force. Initially, then, the unemployment rate is (20/200) 10.0%. x 100% Suppose a reduction in foreign demand for this period of dedlining output. The following table offers two different possible scenarios resulting economy's products causes an economic recession-a prolonged t possible scenarios resulting from the recession, Calculate the unemployment rate associated with each scenario. MacBook Air F3 000 F4 4

Explanation / Answer

3.

THEY HAVE GIVEN UP LOOKING FOR WORK

is the correct.

As the name tells discourage means who lost hope in the economy recovery and stopped looking for jobs

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