Discouraged workers:
a. would increase unemployment rate if they were added to the number of unemployed workers.
b. are counted as one-half of a worker in the unemployment statistics.
c. are counted as unemployed workers when the unemployment rate is calculated.
d. are not included in the calculation of the unemployment rate, the labor force, or the working-age population
e. would decrease the unemployment rate if they were added to the number of unemployed workers.
a
Economics
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Define the nominal wage rate and the real wage rate. Can the nominal wage rate increase faster than the real wage rate?
What will be an ideal response?
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Refer to Table 4-4. If a minimum wage of $9.50 an hour is mandated, what is the quantity of labor demanded?
A) 380,000 B) 370,000 C) 360,000 D) 10,000
Economics