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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Assess whether the following would be counted as “unemployed” in the Current Employment Statistics survey.

a. A husband willingly stays home with children while his wife works.

b. A manufacturing worker whose factory just closed down.

c. A college student doing an unpaid summer internship.

d. A retiree.

e. Someone who has been out of work for two years but keeps looking for a job.

f. Someone who has been out of work for two months but isn’t looking for a job.

g. Someone who hates her present job and is actively looking for another one.

h. Someone who decides to take a part time job because she could not find a full time position.

a)

To determine

Whether a husband who is willingly staying home with children while his wife works would be counted as unemployed in the Current Employment Statistics Survey.

Explanation

A husband who is willingly staying home with children while his wife works is of working age and able to work. However, he is not willing to work and hence will not be counted as unemployed...

b)

To determine

Whether a manufacturing worker whose factory just closed would be counted as unemployed in the Current Employment Statistics Survey.

c)

To determine

Whether a college student who’s doing an unpaid summer internship would be counted as unemployed in the Current Employment Statistics Survey.

d)

To determine

Whether a retiree would be counted as unemployed in the Current Employment Statistics Survey.

e)

To determine

Whether someone who has been out of work for two years but keeps looking for a job would be counted as unemployed in the Current Employment Statistics Survey.

f)

To determine

Whether someone who has been out of work for two years but isn’t looking for a job would be counted as unemployed in the Current Employment Statistics Survey.

g)

To determine

Whether someone who hates her present job and actively looking for a new job would be counted as unemployed in the Current Employment Statistics Survey.

h)

To determine

Whether someone who decides to take a part-time job because she couldn’t find a full-time position would be counted as unemployed in the Current Employment Statistics Survey.

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