Consider a small economy composed of six people: Shen, Valerie, Antonio, Caroline, Frances, and Dmitri. Each person's employment status is described in the following table.
Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population.
a. Shen is a 24-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club.
b. Valerie is a 36-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet.
c. Antonio is a 42-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago.
d. Frances is a 31-year-old science teacher who taught at West Valley Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor.
e. Dmitri is a 20-year-old American Studies major at the University of Tennessee. It's summer now, and he is working as a lifeguard in Mobile, Alabama.
f. Caroline is a 10-year-old student at East Valley Middle School. She babysits her younger brother and does other chores, so her parents give her an allowance of $25 per week.
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Consider a small economy composed of six people: Shen, Valerie, Antonio, Caroline, Frances, and Dmit...
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