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After graduation, he started looking for his first job, but has not yet found one. As a result of Bill’s situation (and holding other factors constant) :__________1. the national unemployment rate goes up the LFPR is unaffected 2. the national unemployment rate and the LFPR are both unaffected 3. the national unemployment rate is unaffected and the LFPR goes up 4. the national unemployment rate and the LFPR both go up

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Answer: 4. the national unemployment rate and the LFPR both go up

Explanation:

The National Unemployment Rate is a measure of people who are actively seeking work but are still not employed. Bill is actively seeking employment but does not have it and so is in this category. As a result of his inclusion, this rate increases.

The Labor Force Participation Rate (LFPR) is a measure of an economy's ACTIVE workforce.

It is calculated by dividing the number of all workers who are employed or ACTIVELY SEEKING employment divided by the total noninstitutionalized, civilian working-age population.

Bill also falls under this category and so his inclusion here also serves to increase this rate.

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