Determine if the person is discouraged from job searching

Reference no: EM133390477

Unemployment

(a) A country's labor force is 18. There are 8 children, one active-duty servicemember, and 9 retirees over age 67. The labor force participation rate is 58%. Find the country's population. Show work.

(b) In the country from (b), in addition to the 8+1+9 people, 4 more don't have jobs. Of the four, two are looking. Find the country's unemployment rate.

(c) A country is undergoing a jobless recovery, and one person falls victim to it. The country's labor supply indicators pick it up: both the unemployment rate and the labor force participation drop. Determine if the person is discouraged from job searching or is underemployed. Motivate your answer using the labor supply categories. Be concise and to the point.

Reference no: EM133390477

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