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Business, 30.07.2019 21:20 renaa1221

Uanita: hi neha, i'm working on my aplia homework and realized that i do not understand the definition of the labor force very well. does it include discouraged workers? neha: hi juanita, the conventional definition of the labor force excludes discouraged workers. this is because they gave up looking for jobs . also, be sure not to mistake discouraged workers for part-time workers. the key difference is that the latter are low-skilled workers . juanita: i think i understand it now, you. neha: let me ask you a question to see if you can apply your knowledge. consider an economy with 20 full-time workers, 16 part-time workers, 10 workers who have been laid off but are actively looking for a new job, and 3 formerly full-time workers who have been without a job for over a year, failed to find any, and gave up looking. can you calculate the total labor force and the unemployment

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