Explain Why Some Economists Argue That Counting Discouraged Workers as Unemployed

question 2

Essay

Explain why some economists argue that counting discouraged workers as unemployed gives a better picture of the unemployment situation. How would the magnitude of the unemployment rate change if discouraged workers were counted as unemployed?

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Definitions:

Balance

Balance refers to the state of stability and equilibrium, either physically, as in the body's ability to maintain a stable posture, or metaphorically, such as in emotional or mental stability.

Pedal

Pertaining to or operated by the foot or feet, such as bicycle pedals or the pedals of a car.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.

Variability

Variability describes the extent to which data points in a dataset differ from each other and from the average, demonstrating the spread or dispersion of the dataset.