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In 1878, the U.S. Census Bureau reclassified "homekeepers" (primarily women who stayed at home to look after the household) from employed, productive workers to "dependents" and put them in the same classification as retired adults.

1. What would this kind of reclassification do to the measurement of both the employment rate and the unemployment rate (as they are currently defined), assuming no other changes in the labor force and population?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91621270

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