ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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discouraged workers (hidden unemployed) and those employed
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full time carers and those in school
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retirees and those in prison
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discouraged workers (hidden unemployed) and underemployed
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Detailed explanation-1: -The unemployment rate measures the share of workers in the labor force who do not currently have a job but are actively looking for work. People who have not looked for work in the past four weeks are not included in this measure.
Detailed explanation-2: -Generally, any person who is not gainfully employed in any productive activity is called unemployed. Unemployment may be frictional unemployment, structural unemployment, cyclical unemployment, and voluntary and involuntary unemployment.
Detailed explanation-3: -The above statement is True. According to U-6, the unemployment rate will include discouraged, unemployed, and underemployed workers who want to seek a job. It is considered as the revealing measure which is used in measuring the unemployment of the country.
Detailed explanation-4: -Hidden unemployment occurs when people are not officially counted as unemployed, but would probably work if they had an opportunity. For example, someone might have looked for a job for a long time, given up hope and stopped looking, but still wish to work.