Does the unemployment rate become better or worse indicator

Reference no: EM13221917

The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is.

A. If people in the military aren't included in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?

B. If discouraged workers aren't counted in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?

C. If part-time workers are treated exactly like full-time workers, does the unemployment rate become a better or worse indicator of the state of the economy?

Reference no: EM13221917

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