In addition to the conventional unemployment rate, the International Labor Organization (ILO) (http://www.ilo.org/ilostat/faces/home/statisticaldata/conceptsdefinitions?_adf.ctrlstate= 1d1vbn920j_683&_afrLoop=701211288637866#) provides data on
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In addition to the conventional unemployment rate, the International Labor Organization
(ILO) (http://www.ilo.org/ilostat/faces/home/statisticaldata/conceptsdefinitions?_adf.ctrlstate=
1d1vbn920j_683&_afrLoop=701211288637866#) provides data on alternative measures, such as time-related underemployment and discouraged job-seekers. Choose any economy and download the available data of these measures. Plot the variables and GDP growth (annual %) using data from DataBank (http://databank.worldbank.org/data/reports.
aspx?source=world-development-indicators). How are these measures related to GDP growth?
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