4 How will the economic activity rate change if Kevin starts creating football apps in his garage...
Question:
4 How will the economic activity rate change if Kevin starts creating football apps in his garage and they turn out to be very popular? The Labour Force Survey reported the following situations in July 2016:
◆ Sarah works 10 hours a week at McDonald’s. She is available to work more hours but hasn’t looked for extra work.
◆ Kevin spent the fi rst six months of 2014 actively searching for a job but he didn’t get hired. He believes there are no jobs, so he has given up looking.
◆ Pat quit the job he had for the past two years and is actively looking for a better paying job. He is available to work and is still searching for a job.
◆ Mary is a new graduate who was hired while she was a student to start a job in August.
◆ Johnnie, a guitar player, quit his band in June, has no job in July, and is not looking for work.
Step by Step Answer:
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews