Topic 5: Unemployment - Exam Notes môn Kinh tế vĩ mô | Trường Quốc tế - Đại học Quốc gia Hà Nội
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Topic 5 Unemployment
IDENTIFYING UNEMPLOYMENT
2.Measuring unemployment is the job of the
a. Congressional Budget Office. b. Department of Commerce.
c. Council of Economic Advisers. d. General Statistic Office. ANS: D PTS: 1 DIF: 1 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Bureau of Labor Statistics MSC: Definitional
12.Who of the following is not included in the Bureau of Labor Statistics' “employed” category?
a. those who worked in their own business
b. those who worked as unpaid workers in a family member's business
c. those waiting to be recalled to a job from which they had been laid off
d. those who were temporarily absent from work because of vacation. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Employment MSC: Interpretive
13.The Bureau of Labor Statistics places people in the “employed” category if they
a. are without a job, but are available for work and have tried to find a job during the previous 4 weeks.
b. work without pay in a family member’s business.
c. are waiting to be recalled to a job from which they had been laid off.
d. All of the above are correct. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Employment MSC: Interpretive
14.The Bureau of Labor Statistics places people in the “employed” category if they
a. are temporarily absent from their jobs. b. are self-employed.
c. work without pay in a family member’s business.
d. All of the above are correct. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Employment MSC: Interpretive
15.To be counted as employed in the U.S. labor force statistics a person
a. must be working for pay and be working full time.
b. must be working for pay, but does not have to be working full time.
c. does not have to be working for pay if they are working for a family business, but must be employed full time.
d. does not have to be working for pay if they are working for a family business and does not have to be working full time ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Employment MSC: Definitional 1
16.Who in the adult population is counted as employed in U.S. labor statistics?
a. people who are temporarily absent from their job and people who work without pay in a family member’s business
b. people who are temporarily absent from their job but not people who work without pay in a family member’s business
c. people who work without pay in a family member’s business but not people who are temporarily absent from their job
d. neither people who are temporarily absent from their job nor people who work without pay in a family member’s business ANS: A PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Employment MSC: Definitional
17.Who of the following are included in the Bureau of Labor Statistics’ “employed” category? a. certain unpaid workers b. part-time workers c. workers on vacation
d. All of the above are correct. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Employment MSC: Interpretive
18.Mary worked part-time for her mother’s business without pay. Larry was absent from work because he had the
flu. Who is counted as employed by the BLS? a. Mary but not Larry b. Larry but not Mary c. both Marry and Larry d. neither Mary nor Larry ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Employment MSC: Interpretive
19.Edgar is working part-time. Diane is on temporary layoff. Who is included in the Bureau of Labor Statistics’ “employed” category? a. only Edgar b. only Diane c. both Edgar and Diane d. neither Edgar nor Diane ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Employment MSC: Interpretive
20.Andre owns his own business. Oscar is an unpaid worker in his family’s business. Who is included in the
Bureau of Labor Statistics’ “employed” category? a. only Andre b. only Oscar c. both Andre and Oscar d. neither Andre nor Oscar ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Employment MSC: Interpretive
21. For the Bureau of Labor Statistics to place someone in the “unemployed” category, that person must a. be available for work.
b. have tried to find employment during the previous week.
c. have previously been employed.
d. All of the above are correct. ANS: A PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Interpretive
22. For the Bureau of Labor Statistics to place someone in the “unemployed” category, that person must
a. have worked no more than 10 hours during the past week..
b. have tried to find employment during the previous year. c. not have been laid off.
d. None of the above is correct. ANS: D PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Interpretive
23. Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed? a. anyone who is not employed
b. anyone who is not employed, is available for work, and has looked for work in the past 4 weeks
c. anyone who is not employed, is available for work, has looked for work in the past 4 weeks, and anyone
who is waiting to be recalled from a job from which they have been laid off
d. anyone who is not employed, is available for work, has looked for work in the past 4 weeks, anyone who
is waiting to be recalled from a job from which they have been laid off, and anyone who is
employed part time and has searched for full time employment in the past 4 weeks ANS: C PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Definitional
24. Who of the following is counted as unemployed by the BLS?
a. someone working without pay for a family member’s business
b. someone who is absent from their job due to illness
c. someone on temporary layoff
d. All of the above are correct. ANS: C PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Definitional
25. Who of the following would be included in the Bureau of Labor Statistics’ “unemployed” category? a.
Julie, who is on temporary layoff
b. Andrew, who worked only 15 hours last week
c. Ellen, who neither has a job nor is looking for one
d. None of the above is correct. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment MSC: Interpretive
26. Who of the following would be included in the Bureau of Labor Statistics’ “unemployed” category?
a. Cambry, a full-time student who is not looking for work
b. Eric, who is on temporary layoff
c. Carson, who has retired and is not looking for work
d. All of the above are correct. ANS: B PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Interpretive
27. Who of the following would necessarily be included in the Bureau of Labor Statistics’ “unemployed” category?
a. Lisa, who did not work during the previous 4 weeks
b. Julie, who tried to find new employment during the previous 4 weeks
c. Robert, who was an unpaid worker during the previous 4 weeks
d. None of the above is correct. ANS: D PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment MSC: Analytical
28. Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn’t looked for work
during the last two months. Who does the BLS count as unemployed? a. Matt but not David b. David but not Matt c. both David and Matt d. neither David nor Matt ANS: A PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Interpretive
29. Meredith recently graduated from college but has not yet started working. To be counted as unemployed she
a. does not have to have looked for work.
b. must have looked for work no more than a week ago.
c. must have looked for work no more than 4 weeks ago.
d. must have looked for work no more than 12 weeks ago. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP:
Unemployment MSC: Definitional
30. Tom was laid off and is expecting to be recalled. He has not looked for work since being laid off. Bill is not
employed and not laid off. Who is counted as unemployed in the U.S. labor force statistics?
a. Tom and Bill even if he has not looked for work during the previous 4 weeks.
b. Tom and Bill if he has looked for work during the previous 4 weeks.
c. Not Tom. Bill even if he has not looked for work during the previous 4 weeks.
d. Not Tom. Bill if he has looked for work during the previous 4 weeks. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment MSC: Definitional
31. A person who is counted as unemployed by the Bureau of Labor Statistics
a. is also in the labor force.
b. must have recently looked for work or be on temporary layoff.
c. must be at least 16 years old.
d. All of the above are correct. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Interpretive
32. Caitlin is an unpaid worker in her family’s bakery. The Bureau of Labor Statistics counts Caitlin as a.
unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Employment | Labor force MSC: Interpretive
33. Jason works part-time as a babysitter. The Bureau of Labor Statistics counts Jason as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Employment | Labor force MSC: Interpretive
34. Danielle did not work last week because flooding forced an evacuation of her workplace. The Bureau of
Labor Statistics counts Danielle as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Employment | Labor force MSC: Interpretive
35. Ava owns her own business. The Bureau of Labor Statistics counts Ava as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Employment | Labor force MSC: Interpretive
36. Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled
to work. In the U.S. labor force statistics Mario is counted as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force. d. not in the labor force. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Definitional
37. Jouke is on a temporary layoff from his factory job but has not looked for work in the last four weeks. The
Bureau of Labor Statistics counts Jouke as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Interpretive
38. Jai Li just lost her job, and she hasn’t yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as
a. unemployed and in the labor force.
b. unemployed, but not in the labor force.
c. in the labor force, but not unemployed.
d. neither in the labor force nor unemployed. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Interpretive
39. Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as
a. unemployed and in the labor force.
b. unemployed, but not in the labor force.
c. in the labor force, but not unemployed.
d. neither in the labor force nor unemployed. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Interpretive
40. Angelica is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not
looking for a paid job. The Bureau of Labor Statistics counts Angelica as
a. unemployed and in the labor force.
b. unemployed, but not in the labor force.
c. in the labor force, but not unemployed.
d. neither in the labor force nor unemployed. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Interpretive
41. Jill does not currently have a job, but has applied for several jobs in the previous week. Ken is an unpaid
stayat-home dad who has not searched for work in recent years. Who does the BLS count as out of the labor force? a. Jill but not Ken b. Ken but not Jill c. Jill and Ken d. neither Jill nor Ken ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Labor force MSC: Interpretive
42. Who is included in the labor force by the Bureau of Labor Statistics?
a. Chris, an unpaid homemaker not looking for other work
b. Marcus, a full-time student not looking for work
c. Gabe, who does not have a job, but is looking for work
d. None of the above is correct. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Labor force MSC: Interpretive
43. Who is included in the labor force by the Bureau of Labor Statistics?
a. Juan, who works most of the week in a steel factory
b. Molly, who is on temporary layoff
c. Charlie, who does not have a job, but is looking for work
d. All of the above are included in the labor force. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Interpretive
44. Who is not included in the labor force by the Bureau of Labor Statistics?
a. Calvin, who is on temporary layoff
b. Michael, who has retired and is not looking for work
c. Lauren, who does not have a job, but has applied for several in the last week
d. None of the above is correct. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Interpretive
45. Shannon is a full-time homemaker not currently searching for paid work. Noah is a full-time student who is
not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics? a. only Shannon b. only Noah c. both Shannon and Noah d. neither Shannon nor Noah ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Interpretive
46. Which of the following is correct?
a. Labor force = number of employed.
b. Labor force = population - number of unemployed.
c. Unemployment Rate = number of unemployed (number of employed + number of unemployed) 100.
d. Unemployment Rate = number of unemployed adult population 100. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Unemployment rate | Labor force MSC: Interpretive Sample Population Person Status Allen
Unpaid stay at home dad. Has not looked for a job in several years. Ben College president. Allison
Part-time welder. Actively looking for full time work. Brittany
Self-employed full-time wedding singer. Cathy
Full-time physician’s assistant. Calvin
Retired finance professor. Last applied for work 10 weeks ago. Diane
Laid-off fork-lift operator expecting to be recalled. David
Works for a bicycle store. Age 70. Evelyn Manager of health food store. Eli
Museum guard. Was not at work last week due to illness. Flora
Has never been employed. Looked for a job last week. Frank
Fired from job as an investment banker. Last looked for work three weeks ago.
47. Refer to Sample Population. How many in the sample are unemployed? a. 5 b. 4 c. 3
d. None of the above is correct. ANS: C PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Applicative
48. Refer to Sample Population. How many in the sample are in the labor force? a. 10 b. 9 c. 8
d. None of the above is correct. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Labor force MSC: Applicative
49. The labor-force participation rate measures the percentage of the
a. total adult population that is in the labor force.
b. total adult population that is employed.
c. labor force that is employed.
d. labor force that is either employed or unemployed. ANS: A PTS: 1 DIF: 1 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Definitional
50. The labor-force participation rate tells us the fraction of the population that
a. is able to participate in the labor market. b. has ever been employed.
c. has chosen to participate in the labor market.
d. has chosen not to participate in the labor market. ANS: C PTS: 1 DIF: 1 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Definitional
51. The Bureau of Labor Statistics defines the unemployment rate as the percentage of
a. those unemployed relative to those employed.
b. the labor force that is unemployed.
c. the adult population that is unemployed.
d. the adult population that is unemployed or not in the labor force. ANS: B PTS: 1 DIF: 1 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Definitional
52. The labor force equals the a. number of people employed.
b. number of people employed plus the number of people unemployed.
c. number of people employed plus the number of people unemployed plus teenagers between ages 14
and 16 who work at least 10 hours a week. d. adult population. ANS: B PTS: 1 DIF: 1 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Definitional
53. Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes
a. the number of people unemployed rise but does not change the labor force.
b. the number of people unemployed rise but makes the labor force fall.
c. both the number of people unemployed and the labor force fall.
d. the number of people unemployed fall but does not change the labor force. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Unemployment | Labor force MSC: Interpretive
54. The unemployment rate is computed as the number of unemployed a.
divided by the labor force, all times 100. b.
divided by the number of employed, all times 100. c. divided by the adult population, all times 100. d.
times the labor-force participation rate, all times 100. ANS: A PTS: 1 DIF: 1 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Definitional
55. The labor-force participation rate is computed as
a. (Employed Adult Population) 100.
b. (Employed Labor Force) 100.
c. (Labor Force Adult Population) 100.
d. (Adult Population Labor Force) 100. ANS: C PTS: 1 DIF: 1 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Definitional
56. Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate
a. increases and the labor-force participation rate decreases.
b. and the labor-force participation rate both increase.
c. increases and the labor-force participation rate is unaffected.
d. is unaffected and the labor-force participation rate decreases. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Unemployment rate | Labor-force participation rate MSC: Interpretive
57. Matilda just graduated from college. In order to devote all her efforts to college, she didn’t hold a job. She is
going to tour around the country on her motorcycle for a month before she starts looking for work. Other
things the same, the unemployment rate
a. increases and the labor-force participation rate decreases.
b. and the labor-force participation rate both increase.
c. increases and the labor-force participation rate is unaffected.
d. and the labor-force participation rate are both unaffected. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Unemployment rate | Labor-force participation rate MSC: Interpretive
58. Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.
Other things the same, the unemployment rate
a. increases and the labor-force participation rate decreases.
b. increases and the labor-force participation rate is unaffected.
c. is unaffected and the labor-force participation rate decreases.
d. and the labor-force participation rate are both unaffected. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Unemployment rate | Labor-force participation rate MSC: Interpretive
59. Sirius has just finished high school and started looking for his first job, but has not yet found one. Other
things the same, the unemployment rate
a. and the labor-force participation rate both increase.
b. increases and the labor-force participation rate is unaffected.
c. is unaffected and the labor-force participation rate increases.
d. and the labor-force participation rate are both unaffected. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Unemployment rate | Labor-force participation rate MSC: Interpretive
60. If an unemployed person quits looking for work, then, eventually the unemployment rate
a. decreases and the labor-force participation rate is unaffected.
b. and the labor-force participation rate both decrease.
c. is unaffected and the labor-force participation rate decreases.
d. and the labor-force participation rate are both unaffected. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Unemployment rate | Labor-force participation rate MSC: Interpretive 61.
President Bigego is running for re-election against Senator Pander. Bigego proclaims
that more people are working now than when he took office. Pander says that the
unemployment rate is higher now than when
Bigego took office. You conclude that a. one of them must be lying.
b. both of them could be telling the truth if the labor force and employment grew at the exact same rate.
c. both of them could be telling the truth if the labor force grew slower than employment.
d. both of them could be telling the truth if the labor force grew faster than employment. ANS: D PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Employment | Unemployment rate MSC: Analytical 62.
In June 2009 the BLS reported an adult population of 234.9 million, a labor force of
154 million and employment of 141.6 million. Based on these numbers the unemployment rate was a. 93.3/234.9. b. 12.4/234.9. c. 93.3/154. d. 12.4/154. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Applicative 63.
In June 2009 the BLS reported an adult population of 234.9 million, unemployment of
12.4 million, and employment of 141.6 million. Based on these numbers the labor-
force participation rate was a. 154/234.9. b. 141.6/234.9. c. 141.6/154.
d. None of the above are correct. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate MSC: Applicative 64.
In June 2009 the BLS reported a U.S. foreign-born population of 35.3 million. Of
these, 22.7 million were employed and 1.4 million were unemployed. Based on these
numbers what were the unemployment rate and the labor-force participation rate of the foreign-born U.S. population? a. 1.4/35.3 and 22.7/35.3 b. 1.4/35.3 and 24.1/35.3 c. 1.4/24.1 and 22.7/24.1
d. None of the above are correct. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation
TOP: Labor-force participation rate | Labor-force participation rate MSC: Applicative 65.
In 2009, based on concepts similar to those used to estimate U.S. employment figures,
the Japanese adult noninstitutionalized population was 110.272 million, the labor force
was 65.362 million, and the number of people employed was 62.242 million.
According to these numbers, the Japanese labor-force participation rate and unemployment rate were about a. 56.4% and 2.8%. b. 56.4% and 4.8%. c. 59.3% and 2.8%. d. 59.3% and 4.8%. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 66.
In 2009, based on concepts similar to those used to estimate U.S. employment figures,
the Italian adult noninstitutionalized population was 51.070 million, the labor force was
24.710 million, and the number of people employed was 22.765 million. According to
these numbers, the Italian labor-force participation rate and unemployment rate were about a. 48.4% and 7.9%. b. 48.4% and 3.8%. c. 44.6% and 7.9% d. 44.6% and 3.8% ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 67.
In 2009, based on concepts similar to those used to estimate U.S. employment figures,
the Swedish adult noninstitutionalized population was 7.568 million, the labor force
was 4.888 million, and the number of people employed was 4.486 million. According
to these numbers, the Swedish labor-force participation rate and unemployment rate were about a. 64.6% and 8.2%. b. 64.6% and 5.3%. c. 59.3% and 8.2%. d. 59.3% and 5.3%. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 68.
The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people
over age 25 who had at least a bachelor’s degree, 40.59 million of whom were
employed and 0.98 million of whom were unemployed. What were the labor-force
participation rate and the unemployment rate for this group? a. 76.3% and 1.8% b. 76.3% and 2.4% c. 78.1% and 1.8% d. 78.1% and 2.4% ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 69.
The Bureau of Labor Statistics reported in 2005 that there were 50.40 million people
over age 25 whose highest level of education was some college or an associate degree,
33.86 million of whom were employed and 1.27 million of whom were unemployed.
What were the labor-force participation rate and the unemployment rate for this group? a. 69.7% and 2.5% b. 69.7% and 3.6% c. 67.2% and 2.5% d. 67.2% and 3.6% ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 70.
The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people
over age 25 whose highest level of education was a high school degree or equivalent,
36.40 million of whom were employed and 1.93 million of whom were unemployed.
What were the labor-force participation rate and the unemployment rate for this group? a. 60.7% and 3.2% b. 60.7% and 5.0% c. 63.9% and 3.2% d. 63.9% and 5.0% ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 71.
The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people
over age 25 who had no high school degree or its equivalent, 11.73 million of whom
were employed and 1.04 million of whom were unemployed. What were the labor-
force participation rate and the unemployment rate for this group? a. 45.3% and 3.7% b. 45.3% and 8.1% c. 41.6% and 3.7% d. 41.6% and 8.1% ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP:
Labor-force participation rate | Unemployment rate MSC: Applicative 72.
Suppose that the adult population is 4 million, the number of unemployed is 0.25
million, and the labor-force participation rate is 75%. What is the unemployment rate? a. 6.25% b. 8.3% c. 9.1% d. 18.75% ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Analytical 73.
Suppose that the adult population is 6 million, the number of employed is 3.8 million,
and the labor-force participation rate is 70%. What is the unemployment rate? a. 6.7% b. 9.5% c. 10.5% d. 28% ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Analytical 74.
Suppose some country had an adult population of about 50 million, a labor-force
participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed? a. 1.5 million b. 28.5 million c. 30 million d. 47.5 million ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Employment MSC: Analytical 75.
Suppose some country had an adult population of about 50 million, a labor-force
participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed? a. 1.425 million b. 1.5 million c. 2.5 million d. 5 million ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment MSC: Analytical 76.
Suppose some country had an adult population of about 25 million, a labor-force
participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were employed? a. 0.9 million b. 14.1 million c. 15 million d. 23.5 million ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Employment MSC: Analytical 77.
Suppose some country had an adult population of about 25 million, a labor-force
participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were unemployed? a. 0.846 million b. 0.9 million c. 1.5 million d. 6 million ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment MSC: Analytical 78.
Suppose some country had an adult population of about 46 million, a labor-force participation rate of 75
percent, and an unemployment rate of 8 percent. How many people were employed? a. 2.76 million b. 31.74 million c. 34.5 million d. 42.32 million ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Employment MSC: Analytical 79.
Suppose some country had an adult population of about 46 million, a labor-force participation rate of 75
percent, and an unemployment rate of 8 percent. How many people were unemployed? a. 2.54 million b. 2.76 million c. 3.68 million d. 8 million ANS: B PTS: 1 DIF: 3 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment MSC: Analytical Table 15-1 Labor Data for Aridia Year 2010 2011 2012 Adult population 2000 3000 3200 Number of employed 1400 1300 1600 Number of unemployed 200 600 200 80.
Refer to Table 15-1. The labor force of Aridia in 2010 was a. 1400. b. 1600. c. 1800. d. 2000. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 81.
The labor force of Aridia in 2011 was 1300. 1900. 2400. 3000. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 82.
Refer to Table 15-1. The labor force of Aridia in 2012 was a. 1600. b. 1800. c. 3000. d. 3200. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 83.
Refer to Table 15-1. The labor force of Aridia
a. increased from 2010 to 2011 and increased from 2011 to 2012.
b. increased from 2010 to 2011 and decreased from 2011 to 2012.
c. decreased from 2010 to 2011 and increased from 2011 to 2012.
d. decreased from 2010 to 2011 and decreased from 2011 to 2012. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 84.
Refer to Table 15-1. The number of adults not in the labor force of Aridia in 2010 was a. 200. b. 400. c. 600. d. 1800. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 85.
Refer to Table 15-1. The number of adults not in the labor force of Aridia in 2011 was a. 600. b. 1100. c. 1700. d. 2400. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 86.
Refer to Table 15-1. The number of adults not in the labor force of Aridia in 2012 was a. 200. b. 1400. c. 1600. d. 3000. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 87.
The number of adults not in the labor force of Aridiaincreased from 2010 to 2011 and
increased from 2011 to 2012. increased from 2010 to 2011 and decreased from 2011 to
2012. decreased from 2010 to 2011 and increased from 2011 to 2012.
decreased from 2010 to 2011 and decreased from 2011 to 2012. ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative 88.
Refer to Table 15-1. The unemployment rate of Aridia in 2010 was a. 10%. b. 12.5%. c. 14.3%. d. 80%. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Applicative 89.
Refer to Table 15-1. The unemployment rate of Aridia in 2011 was a. 20%. b. 31.6%. c. 46.2%. d. 63.3%. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Applicative 90.
Refer to Table 15-1. The unemployment rate of Aridia in 2012 was a. 6.25%. b. 11.1%. c. 12.5%. d. 56.25%. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Applicative 91.
Refer to Table 15-1. The unemployment rate of Aridia a. increased from 2010 to
2011 and increased from 2011 to 2012. b. increased from 2010 to 2011 and decreased from 2011 to 2012. c.
decreased from 2010 to 2011 and increased from 2011 to 2012. d.
decreased from 2010 to 2011 and decreased from 2011 to 2012. ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: Unemployment and inflation TOP: Unemployment rate MSC: Applicative 92.
Refer to Table 15-1. The labor-force participation rate of Aridia in 2010 was a. 70%. b. 77.8%. c. 80%. d. 87.5%. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Applicative 93.
The labor-force participation rate of Aridia in 2011 was43.3%. 54.2%. 63.3%. 68.4%. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Applicative 94.
Refer to Table 15-1. The labor-force participation rate of Aridia in 2012 was a. 50%. b. 53.3%. c. 56.25%. d. 88.9%. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor-force
participation rate MSC: Applicative 95.
Refer to Table 15-1. The labor-force participation rate of Aridia
a. increased from 2010 to 2011 and increased from 2011 to 2012.
b. increased from 2010 to 2011 and decreased from 2011 to 2012.
c. decreased from 2010 to 2011 and increased from 2011 to 2012.
d. decreased from 2010 to 2011 and decreased from 2011 to 2012. ANS: D PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Applicative Table 15-2 2009 Labor Data for Baltivia Number of adults 20,000
Number of adults who are paid employees 8,000
Number of adults who work in their own businesses 1,600
Number of adults who are unpaid workers in a family member’s business 1,000
Number of adults who were temporarily absent from their jobs because of an earthquake 400
Number of adults who were waiting to be recalled to a job from which they had been laid off 200
Number of adults who do not have a job, are available for work, and have tried to find a job 1,400 within the past four weeks
Number of adults who do not have a job, are available for work, but have not tried to find a job 780 within the past four weeks
Number of adults who are full-time students 3,000
Number of adults who are homemakers or retirees 3,620
96. Refer to Table 15-2. How many people were employed in Baltivia in 2009? a. 9,600 b. 10,600 c. 11,000 d. 11,200 ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Employment MSC: Applicative
97. Refer to Table 15-2. How many people were unemployed in Baltivia in 2009? a. 1,400 b. 1,600 c. 2,000 d. 2,780 ANS: B PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment MSC: Applicative
98. Refer to Table 15-2. How many people were in Baltivia’s labor force in 2009? a. 11,000 b. 12,600 c. 13,380 d. 20,000 ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative
99. Refer to Table 15-2. How many adults were not in Baltivia’s labor force in 2009? a. 4,400 b. 6,620 c. 7,400 d. 8,690 ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP: Labor force MSC: Applicative
100. Refer to Table 15-2. What was Baltivia’s unemployment rate in 2009? a. 8.0 percent b. 12.7 percent c. 15.9 percent d. 22.1 percent ANS: B PTS: 1 DIF: 2 REF: 15-1
NAT: Analytic LOC: Unemployment and inflation TOP: Unemployment rate MSC: Applicative
101. Refer to Table 15-2. What was Baltivia’s labor-force participation rate in 2009? a. 55 percent b. 63 percent c. 66.9 percent d. 87.3 percent ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT: Analytic
LOC: The study of economics and definitions in economics TOP:
Labor-force participation rate MSC: Applicative
102. According to 2009 data on the U.S. population which of the following was correct for people ages 20 and over?
a. Blacks had higher rates of labor-force participation and lower rates of unemployment compared to whites.
b. Blacks had higher rates of labor-force participation and higher rates of unemployment compared to whites.
c. Blacks had similar rates of labor-force participation and lower rates of unemployment compared to whites.
d. Blacks had similar rates of labor-force participation and higher rates of unemployment compared to whites. ANS: D PTS: 1 DIF: 1 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Definitional
103. According to 2009 data on the U.S. population which of the following was correct?
a. Adults had higher labor-force participation rates and higher rates of unemployment compared to teenagers.
b. Adults had higher labor-force participation rates and lower rates of unemployment compared to teenagers.
c. Adults had lower labor-force participation rates and lower rates of unemployment compared to teenagers.
d. Adults had lower labor-force participation rates and higher rates of unemployment compared to teenagers. ANS: B PTS: 1 DIF: 1 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Definitional
104. According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older)
had the highest labor-force participation rate? a. white males b. white females c. black males d. black females ANS: A PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP:
Labor-force demographics MSC: Interpretive
105. According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older)
had the lowest labor-force participation rate? a. white males b. white females c. black males d. black females ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP:
Labor-force demographics MSC: Interpretive
106. According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older)
had the highest unemployment rate? a. white males b. white females c. black males d. black females ANS: C PTS: 1 DIF: 2 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Interpretive
107. According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older)
had the lowest unemployment rate? a. white males b. white females c. black males d. black females ANS: B PTS: 1 DIF: 2 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Interpretive
108. According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had
the highest labor-force participation rate? a. white males b. white females c. black males d. black females ANS: B PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP:
Labor-force demographics MSC: Interpretive
109. According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had
the lowest labor-force participation rate? a. white males b. white females c. black males d. black females ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT:
Analytic LOC: The study of economics and definitions in economics TOP:
Labor-force demographics MSC: Interpretive
110. According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had
the highest unemployment rate? a. white males b. white females c. black males d. black females ANS: C PTS: 1 DIF: 2 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Interpretive
111. According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest unemployment rate? a. white males b. white females c. black males d. black females ANS: B PTS: 1 DIF: 2 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Interpretive
112. In order, which group has the highest participation rate and which has the higher unemployment rate? a. black males, black males b. black males, white males c. white males, black males d. white males, white males ANS: C PTS: 1 DIF: 1 REF: 15-1
NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Definitional
113. Which of the following is correct?
a. The labor-force participation rate of women has increased in part due to smaller families.
b. The labor-force participation rate of men has decreased in part due to men retiring younger and living longer. c. Both a and b are correct.
d. None of the above is correct. ANS: C PTS: 1 DIF: 2 REF: 15-1 NAT: AnalyticLOC: Unemployment and inflation TOP: Labor-force demographics MSC: Analytical Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor Males not in labor force 45 million Females not in labor force 35 million Males unemployed 5 million Females unemployed 5 million Males employed 85 million Females employed 65 million
114. Refer to Table 15-3. What is the adult population in Meditor? a. 90 million b. 160 million c. 230 million d. 240 million