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Chapter 21: Q 10. (page 524)

Are all adults who do not hold jobs counted as unemployed?

Short Answer

Expert verified

No, this is not right and not possible too.

Step by step solution

01

Step 1. Definition

Unemployed is a person who is constantly looking for a job or work and he/she is also capable of doing work but don’t able to get a job then they are unemployed.

02

Step 2. Explanation

See unemployment is a situation where a person is willing to work but not able to find it.so all who are adults may not be willing to find work. Only those who are counted as unemployed are willing to work and constantly find work. But yes all the adults are counted in the labor force.

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Most popular questions from this chapter

What is frictional unemployment? Give examples of frictional unemployment.

If many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.

What forces create the natural rate of unemployment for an economy?

Over the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?

Why is there unemployment in a labor market with

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