Economics
Economics
5th Edition
ISBN: 9781319066604
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 23, Problem 2BCQ
To determine

Effect of Task Rabbit services on the number of people considered to be in the labor force.

Introduction: Labor force refers to the part of the population who all are employed and unemployed from the given working age. Labor force does not include the populations who are not looking for the job for example housewives, retirees, and student.

Frictional unemployment refers to the unemployment when workers are jobless, does not matter whether by their own or fired. It is the time period between leaving the old job and joining the new job. Frictional unemployment is the inevitable type of unemployment and one of the major components of natural unemployment.

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