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Understanding the Answer
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Answer
To analyze the impact of discouraged workers on the unemployment rate, you first need to identify the total labor force. This means figuring out how many people are available to work, which includes both employed and unemployed individuals. Next, you calculate the number of discouraged workers, who are people not actively looking for jobs because they believe there are no jobs available for them. After that, you determine the unemployment rate using the formula, which is the number of unemployed people divided by the total labor force, multiplied by 100. Finally, you assess how changes in the labor force, including the number of discouraged workers, affect economic indicators like the overall unemployment rate and economic growth.
Detailed Explanation
First, you need to know the total labor force. Other options are incorrect because This option starts with counting discouraged workers; This option jumps to calculating the unemployment rate before identifying discouraged workers.
Key Concepts
Unemployment Rate Calculation
Discouraged Workers
Labor Force Dynamics
Topic
Unemployment and Labor Force Dynamics
Difficulty
medium level question
Cognitive Level
understand
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