Question

Is underemployed and full employment the same? Why or why not?

Answer 1

No

Step-by-step explanation:

An economy in long-run equilibrium is one that is said to be experiencing full employment. When an economy is below full employment, it is not producing what it would have were it in full employment. This state of underemployment means that there is a gap between actual and potential output in the economy.

Answer 2

No, underemployment and full employment are not the same. Full employment is a situation where everyone who wants a job has one, and the unemployment rate is very low. Underemployment, on the other hand, is a situation where people have jobs, but they are not utilizing their full skills, abilities, or experience. This means that they are not working to their full potential or not earning as much as they could. Underemployment can occur even when the unemployment rate is low or when there is full employment.