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2. Give one example where the official unemployment rate: Over estimates the true level of unemployment....

2. Give one example where the official unemployment rate:

  1. Over estimates the true level of unemployment.
  1. Under estimates the true level of unemployment.  

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Answer #1

Question 2

Unemployment rate is the percentage of willing workforce who are jobless in the economy out of the total workforce.

. a. In some cases there is a situation where enough jobs are available in the economy but there are still more jobless people. This happen when the unemployed people searches for most suitable job rather than taking any of the available job.So in this type of situation the unemployement rate may over estimate the true level of unemployment

a.In some situation the discouraged workers are excluded, These are those workers who stops looking for new jobs as  they seems to be frustaretd in work or lacking in motivation to search for jobs, When these people are not included in unemployment rate then the unemployment rate may under estimates the true level of unemployment,

Hope this helps

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