Question

During the 2016 Presidential​ Election, President Trump claimed that unemployment was significantly higher than official figures...

During the 2016 Presidential​ Election, President Trump claimed that unemployment was significantly higher than official figures suggest. Provide two

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Two reasons why the actual unemployment was significantly higher than as stated by the unemplloyment rate is because:

  • Unemployment rate tend to ignore the people who are out of the labor force, this might be because they are discouraged workers and have stopped looking for work in the market. This significantly reduces the number of peole looking for job and thus reduce the unemployment rate.
  • UNderemployed and people doing part time jobs are considered as employed in the market even if they can contribute much more to the economy, counting this under employed workforce as employed reduce the unemployment rate.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Minnesota had the highest turnout rate of any state for the 2016 presidential election.† Political analysts...
Minnesota had the highest turnout rate of any state for the 2016 presidential election.† Political analysts wonder if turnout in rural Minnesota was higher than turnout in the urban areas of the state. A sample shows that 630 of 840 registered voters from rural Minnesota voted in the 2016 presidential election, while 396 out of 550registered voters from urban Minnesota voted. (a) Formulate the null and alternative hypotheses that can be used to test whether registered voters in rural Minnesota...
Critical Thinking: In the presidential campaign of 2016, two Democratic candidates for President, proposed greater government...
Critical Thinking: In the presidential campaign of 2016, two Democratic candidates for President, proposed greater government intervention in higher education that would significantly reduce or eliminate tuition and reduce interest rates on student loan debt. In what ways do the principles of economics relate to this idea? Describe how each relates and what issues we must consider.
1. a. In the 2016 Presidential Election, a campaign manager claimed that 60% of registered voters...
1. a. In the 2016 Presidential Election, a campaign manager claimed that 60% of registered voters in the metropolitan area preferred his candidate. A pollster randomly sampled 1000 registered voters to test the campaign manager’s claim. The pollster finds that 58 percent of the sample of registered voters he polled indicated that they preferred the campaign manager’s candidate. Answer the questions below using the given information. null hypothesis: the alternative hypothesis: explain what test will be used and why: b....
3. With the election of Donald Trump as President of the United States, his pledge to...
3. With the election of Donald Trump as President of the United States, his pledge to renegotiate or discard the North American Free Trade Agreement (NAFTA) may be a key element of his economic policy. Some of the states where he performed better than expected, including Pennsylvania, Michigan, and Ohio, are termed “Rust Belt” states. These states have seen their manufacturing sectors shrink significantly since the 1980s, which some economists blame in part on NAFTA and trade with other countries....
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How many months has the U.S. economy been in this stage of the business cycle? ___________ months 2. How long has the current expansion/recovery lasted to date? _________________ How does this compare to the average length of U.S. recessions since 1854? ______________________________. 3. What do the last four recoveries/expansions (that is, the current recovery/expansion and the previous three recovery/expansions), suggest about a new trend in...
Question: summarize what you have read and how you believe (based on what we've studied so...
Question: summarize what you have read and how you believe (based on what we've studied so far) that topic should be approached from a law and policy perspective. Introduction The U.S.-Cuba relationship has been plagued by distrust and antagonism since 1959, the year Fidel Castro overthrew a U.S.-backed regime in Havana and established a socialist state allied with the Soviet Union. During the half century that followed, successive U.S. administrations pursued policies intended to isolate the island country economically and...
Give a brief summary of the article below. The Federal Reserve, along with Congress, failed to...
Give a brief summary of the article below. The Federal Reserve, along with Congress, failed to take sufficient steps to revive the economy after the 2008 financial crisis. One simple measure of the inadequacy of the government’s response is that inflation has remained persistently below the 2 percent annual rate the Fed regards as optimal, a sign of an underachieving economy. Some liberals have complained for years about the Fed’s lack of urgency as millions of Americans struggled to find...
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe,...
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm. During 2016, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 Interest income—    City of Albuquerque general purpose bonds $1,000    Ford Motor company bonds 1,100    Ally Bank certificate of deposit 400 2,500 Child...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind of your average Argentine, who remembers the tough times and hyperinflation of the 1980s, the events of 2001 and 2002 have brought fiscal policy back to the forefront of public concern. Though the early 1990s may have been characterized by financial optimism, Argentina has been in a recession since Brazil's 1998 monetary crisis sent shockwaves across the regional and global markets. In early 2002,...
In narrative essay format, I want you to address a business/organization case study using multiple concepts...
In narrative essay format, I want you to address a business/organization case study using multiple concepts from class. The case question and case text begin on page 5 of this document. You need to demonstrate their best understanding of management and organizational behavior theory, and the application of those ideas to improve the understanding of various issues. You need to clearly identify at least 3 distinct, substantive issues. For each issue you need to 1), identify evidence from the case...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT