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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 type of unemployment (cyclical, frictional, or structural) applies to each of the following:

(a) landscapers laid off in response to a drop in new housing construction during a recession.

(b) coal miners laid off due to EPA regulations that shut down coal-fired power

(c) a financial analyst who quits his/her job in Chicago and is pursuing similar work in Arizona

(d) printers were laid off due to a drop in demand for printed catalogs and flyers as firms go the internet to promote and advertise their products.

(e) factory workers in the U.S. were laid off as the plants shut down and move to Mexico and Ireland.

After several years of economic growth, would you expect the unemployment in an economy to be mainly cyclical or mainly due to the natural rate of unemployment? Why?

Why do you think that unemployment rates are lower for individuals with more education?

Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?

Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.
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