Explain how the unemployment rate

Assignment Help Business Economics

Reference no: EM133636636

Question

The Australian Bureau of Statistics (ABS) counts those people who work part-time but would prefer to work full-time as 'employed'. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as 'unemployed'. Explain how the unemployment rate and the labour force participation rate would change.

Reference no: EM133636636

Questions Cloud

Discuss the prospects for your small business in long run : Indicate what happens to the firm's demand curve for your good or service. Discuss the prospects for your small business in the long run.

How much does is curve shift horizontally : How much does the IS curve shift horizontally? What are the new equilibrium interest rate and level of income?

Explain the concepts of capital export neutrality : Explain the concepts of Capital Export Neutrality and Capital Import Neutrality in relation to international taxation.

Characteristics of human nature : Evaluate whether the creature meets them and determine the big ideas that are associated with the creature being human or non-human.

Explain how the unemployment rate : Explain how the unemployment rate and the labour force participation rate would change.

Seriously impaired agricultural productivity : Suppose a drought in Australia has seriously impaired agricultural productivity. How would that impairment in productivity

What is the break even demand quantity : Mgt is considering an outsourcing decision (make/buy) for a part. What's the break even demand quantity?

Why is enforcement by police-liquor inspectors of importance : Why is enforcement by Police and Liquor Inspectors of importance?

Explore the critical shortage of organs : Explore the critical shortage of organs, emphasizing its profound impact on patients' well-being.

User Account

All Pages