Calculation of the unemployment rate

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Reference no: EM137012

1. Explain why work done at home is not incorporated, however housing services that are also done at home are included.

2. How women are treated and thought about that work done at home is not counted in GDP. Does it make any difference?

3. If you were valuing the services of a house spouse, how would you go about measuring the value of those services?

4. using the definition of the unemployment rate, discuss why a strong argument could be made that the unemployment rate underestimates the unemployment problem. Justify your answer by discussing issues relevant to the calculation of the unemployment rate such as discouraged workers and how they are handled by the calculation of the unemployment rate and part time workers who would prefer to work full time and how they are handled by the calculation of the unemployment rate.

Reference no: EM137012

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