Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there aren't any jobs available. You would be counted as A. underemployed. B. unemployed. C. a discouraged worker. D. part of the labor force. Which of the following is the correct formula for calculating the unemployment rate? A. StartFraction Labor force Over Working minus age population EndFraction times 100 B. StartFraction Number of unemployed Over Labor force EndFraction times 100 C. Both of the formulas are used to calculate the unemployment rate. D. Neither formula is used to calculate the unemployment rate. Click to select your answer.

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there aren't any jobs available. You would be counted as discouraged worker

Explanation:

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there aren't any jobs available. You would be counted as

A discouraged worker is an individual who has given up looking for employment even though they are perfectly eligible to take up a job but to the repeated failure in finding a job they have then ceased their search for finding an employment.

Discouraged workers have stopped looking for employment opportunities because they feel that their is no job that suits their qualifications

Since they have stopped searching they are not included in the labor force hence when we see the statistics for unemployment these people are not included there also. So they are called Discouraged Workers

The correct formula for calculating the unemployment rate

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D) Neither formula is used to calculate the unemployment rate

The formula for Unemployment rate is

==> U=Unemployed People/Labor force*100