Problem Set 3
Instructions
Answer
Economics: macroeconomics1. Explain whether each of these individuals will be counted as a part of the labor force.a. Jane is working full-time toward a Ph.D. in philosophy but volunteers at nursing homes during her spare weekends.b. Kristen left her full-time job as a journalist to spend more time with her kids, and now makes some income working part-time for a childrens magazine.c. In the past four weeks, Harry did not respond to a call from a firm seeking to interview him for a job opening. But he recently applied for another job that he feels will better suit his qualifications.Answera. Jane cannot be reckoned as part of the labor force because she is presently a student who is doing unpaid work.b. Kristen will be included in the labor force because she is working part-time and is gett...
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