I didn't study economics in VCE but:
- I searched the past two exams and they weren't helpful at all for this
- I checked the resources section of VCAA's VCE economics page and they had a bunch of websites on there as appropriate including the rba
The rba describes hidden employment as:
Hidden unemployment occurs when people are not counted as unemployed in the formal ABS labour market statistics, but would probably work if they had the chance. For example, someone might have looked for work for a long time, given up hope and stopped looking, but still wish to work. (These people are sometimes referred to as ‘discouraged workers’.)
https://www.rba.gov.au/education/resources/explainers/unemployment-its-measurement-and-types.htmlI would personally follow this description (well, I did for my macroeconomics unit at uni this sem).
This description captures both:
- people who are no longer employed and have stopped looking for work (e.g. due to discouragement)
- people who are employed but not working
I hope this helps!