Question

Consider the following dialog between Rina, an economics student who currently studies macroeconomics, and Yvette, her teaching assistant.RINA: Hi Yvette, I'm working on my Aplia homework and realized that I do not understand the definition of the labor force very well. Does it include discouraged workers?YVETTE: Hi Rina, the conventional definition of the labor force (includes OR excludes) discouraged workers. This is because they (gave up looking for jobs OR are currently working). Also, be sure not to mistake discouraged workers for part-time workers. The key difference is that the latter (are too educated to find suitable jobs OR are too educated to jfind suitable jobs. OR cannot find suitable full-time jobs OR are temporarily laid off from their jobs OR quit looking for suitable full-time jobs) .RINA: I think I understand it now, thank you.YVETTE: Let me ask you a question to see if you can apply your knowledge. Consider an economy with 20 full-time workers, 16 part-time workers, 10 workers who have been laid off but are actively looking for a new job, and 3 formerly full-time workers who have been without a job for over a year, failed to find any, and gave up looking. Can you please calculate the total labor force and the unemployment rate for this economy?RINA: The total labor force ___________ isworkers and the unemployment rate is _____%.

Answer 1

Answer:

dont realy know plz dont report

Explanation: