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The Bureau of Labor Statistics Does Not Count Discouraged Workers

question 148

Essay

The Bureau of Labor Statistics does not count discouraged workers as unemployed.Suppose discouraged workers were counted as unemployed.Explain how the unemployment rate and the labor force participation rate would change.


Definitions:

Ethics

Ethics refers to the moral principles that govern a person's behavior or the conduct of an activity.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, presented in a structured manner.

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