Answer w2. Who messures the listion force, end how is at defined?
a. The 45 Bureau of Labor Statistics (RLS) measures the labor force ins Bople over 15 years of age who are employed and those who are actively seeving work. The U.S. Rurea u of Employment (USBE) measures the labor force as people Ower 16 years of age who are employed and those who are actively seebing work.
b. The unemployment rate is defined as
The number of adults drided by the labor force.
the ratio of the number of adults who are working divided by the adult population.
the proportion of the adult population looking for work.
the number of unemployed persons divided by the labor force.
c. If there is an increase in the unemployment rate, the size of the labor force
will not change.
could increase or decrease.
must decrease.
must increase.
d. A positive unemployment rate—more than zero percent—is fully compatible wit employment because at full employment,
unemployment includes frictional unemployment, which is always po because people are transitioning to new jobs
there is usually some unemployment due to the business cycle.
unemployment includes seasonal unemployment, which is usually p. because people are transitioning to new jobs.
◻ the economy is producing at capacity.
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