Deck 5: Monitoring Jobs and Inflation

Question 1

The is the total number of people aged 16 years and older and not in jail, hospital or institutional care) while the is the number of people employed and the unemployed.

A) labor force; working-age population
B) working-age population; labor force participation rate
C) labor force participation rate; labor force
D) working-age population; labor force

Answer 1

D

Question 2

Full-time students and prisoners are .

A) in the labor force
B) not in the labor force
C) counted as unemployed
D) counted as discouraged workers

Answer 2

B

Question 3

The labor force is defined as

A) workers with jobs and unemployed workers.
B) people with full time jobs.
C) all people capable of work.
D) All of the above answers are correct.

Answer 3

workers with jobs and unemployed workers.

Question 4

The labor force is defined as the number of people who

A) would like to have a job but have stopped seeking work.
B) would like to have a full-time job but are working part-time.
C) are employed plus the number of people who are unemployed.
D) are available and looking for work but are unable to find employment.

Question 5

All people in the working-age population can be divided into

A) potential employees.
B) either over-employed or under-employed.
C) labor force participants.
D) employed, unemployed, or not in the labor force.

Question 6

The labor force is defined as people

A) who have a job or are looking for a job.
B) who are 16 years of age or older.
C) in the working-age population who have a full time job.
D) in the working-age population who have a job.

Question 7

The working-age population can be divided into two groups,

A) people in the labor force and people looking for work.
B) people in the labor force and people with a job.
C) people in the labor force and people who are not in the labor force.
D) people looking for work and those in the armed forces.

Question 8

The total number of people aged 16 years and over who are not institutionalized .

A) does not include students
B) is the working-age population
C) is the labor force
D) equals the number of employed plus unemployed

Question 9

The labor force is defined as the

A) number of employed people plus the number of unemployed people.
B) number of people who are working in labor-type jobs.
C) number of people who are working.
D) number of union members who are working.

Question 10

The labor force is defined as the number of

A) people with jobs, both part-time and full-time.
B) people who are employed and unemployed.
C) unemployed people.
D) people 16 and over.

Question 11

The labor force is defined as the

A) number of people in blue-collar jobs.
B) number of people over 16 years of age.
C) sum of employed and unemployed people.
D) number of people who are working.

Question 12

Which of the following is NOT considered to be in the labor force?

A) a person who is not working but who has tried to find a job in the past week
B) a student who works part-time
C) a person who is waiting to start a new job in the next 30 days
D) a person who is not working and who has not tried to find a job

Question 13

Suppose the working age population in Tiny Town is 100 people. If 25 of these people are NOT in the labor force, the equals .

A) unemployment rate; 25/75 × 100
B) labor force; 25/100 × 100
C) unemployment rate; 25/100 × 100
D) labor force; 75

Question 14

Which population category equals the sum of employed and unemployed people?

A) not in the labor force
B) working-age population
C) labor force
D) young and institutionalized

Question 15

The labor force is the sum of the

A) working-age population and the number of unemployed people.
B) number of employed people and the number of unemployed people.
C) number of employed people and the working-age population.
D) total population and the number of unemployed people.

Question 16

The labor force includes

A) discouraged workers.
B) both employed and unemployed workers.
C) only the number of people unemployed.
D) only the number of people employed.

Question 17

The equals the number of .

A) labor force; unemployed and employed persons
B) unemployment rate; people unemployed
C) working age population; employed persons
D) labor force; persons over 16 years old

Question 18

Which of the following statements is incorrect?

A) The working age population includes everyone over the age of 16.
B) The labor force is equal to the number of people employed plus the number of people unemployed.
C) The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100.
D) The labor-force participation rate is the labor force divided by the working-age population then times 100.

Question 19

Which of the following is NOT included in the working-age population?

A) people waiting to be called back to a job after being laid off
B) discouraged workers
C) people in prison
D) retirees under the age of 55

Question 20

The working-age population is defined as the number of

A) people looking for work.
B) people over the age of 16 who are not in jail, hospital, or other institution.
C) people working full-time jobs who are over the age of 16.
D) people who have a job.

Question 21

The unemployment rate is defined as the

A) percentage of the working-age population not working.
B) percentage of the population not working.
C) percentage of the labor force not working.
D) number of people not working.

Question 22

The unemployment rate equals

A) labor force/working age population) × 100.
B) number of people employed/working age population) × 100.
C) number of people unemployed/labor force) × 100.
D) number of people employed/number of people age 16 and over) × 100.

Question 23

Using the definition of unemployment, which of the following individuals would be unemployed?

A) A full-time student quits school, enters the labor market for the first time, and searches for employment.
B) Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job.
C) Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon.
D) All of these individuals are unemployed.

Question 24

The official U-3 unemployment rate includes the total number of people who

A) would like to have a job but have stopped seeking work.
B) would like to have a full-time job but are working part-time.
C) have jobs or are currently looking for jobs.
D) are available and looking for work but unable to find employment.

Question 25

The is calculated as the number of people divided by the labor force multiplied by 100.

A) employment rate; employed
B) unemployment rate; unemployed
C) employment-to-population ratio; unemployed
D) employment-to-population ratio; in the working age population

Question 26

The official U-3 unemployment rate

A) counts discouraged workers as unemployed.
B) counts people with part-time jobs who want full-time jobs as unemployed.
C) includes persons without a job, whether they are actively searching for work or not.
D) includes persons without a job who have made efforts in the last week to find a job.

Question 27

The unemployment rate is found by dividing the number of unemployed people by the

A) sum of working individuals plus unemployed workers, and multiplying by 100.
B) number of the working-age population, and multiplying by 100.
C) number in the labor force, and dividing by 100.
D) number of working individuals, and multiplying by 100.

Question 28

In an economy, 42 million people are in the labor force, 38 million are employed, and 47 million are of working age. How many people are not in the labor force?

A) 4 million
B) 19 percent
C) 5 million
D) 9 million

Question 29

Using the official measure of unemployment, which of the following people is considered unemployed?

A) a part-time worker who wishes to work full time
B) a person who gave up looking for jobs because he or she was discouraged about his or her job prospects
C) a person who is working but expects to be laid off at the end of the month
D) a person who has been searching for work, but turns down a job paying a lower wage rate than desired

Question 30

Which of the following best fits the definition of unemployed?

A) retired and not working
B) not working but looking for a job
C) working less than a full work week
D) not working and not looking for work

Question 31

The unemployment rate equals

A) the rate of change in unemployment figures from one period to another.
B) the percentage of the population not currently employed.
C) the total number of people without jobs in a given period.
D) the percentage of the labor force currently unemployed.

Question 32

Which of the following people would be counted as is employed in the Current Population Survey?

A) Jason, who was laid off from work less than 6 months ago but who has stopped looking for work
B) April, who just graduated from college and is looking for work
C) Rich, who is working 20 hours a week but wants a full-time job
D) Misty, who just quit her job to return full-time to school

Question 33

The unemployment rate is calculated as

A) [labor force) ÷ population)] × 100.
B) [labor force) ÷ unemployment)] × 100.
C) [unemployment) ÷ labor force)] × 100.
D) [unemployment) ÷ population)] × 100.

Question 34

The unemployment rate equals

A) the number of unemployed workers)/the U.S. population older than 16 years of age) × 100.
B) the number of unemployed workers)/the civilian population) × 100.
C) the number of unemployed + employed workers)/U.S. population older than 16 years of age) × 100.
D) the number of unemployed workers)/the number of employed + unemployed workers) × 100.

Question 35

The unemployment rate is measured as

A) the number of people that want to work but cannot find jobs out of the entire population.
B) an indicator for potential inflation.
C) an indicator to determine long-term economic growth.
D) the percentage of people in the labor force who are unemployed.

Question 36

The unemployment rate equals the number of

A) unemployed workers divided by the population then multiplied by 100.
B) unemployed workers multiplied by 100.
C) unemployed workers divided by the number of employed workers then multiplied by 100.
D) unemployed workers divided by the labor force then multiplied by 100.

Question 37

Which of the following people would be considered unemployed by the Bureau of Labor Statistics?
I. Mrs. X retires from her job at the age of 55 and does not look for another job.
II. Mr. Y was laid off from his job as a welder, but expects to be rehired in 8 months.

A) II only
B) I only
C) both I and II
D) neither I nor II

Question 38

The unemployment rate is the who are unemployed.

A) number of people in the labor force
B) percentage of the working-age population
C) percentage of people in the country
D) percentage of people in the labor force

Question 39

Using the official measure of unemployment, which of the following would NOT be counted as unemployed?

A) a person who is waiting to be called back to a job after having been laid off
B) a person who is waiting to start a new job in the next 30 days
C) a person who is not working but who has tried to find a job in the past week
D) a person who performs traditional housework and does not work outside the home for pay

Question 40

If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force is

A) 1400.
B) 1100.
C) 1500.
D) 1000.

Question 41

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the unemployment rate?

A) 15.4 percent
B) 11.4 percent
C) 9.0 percent
D) 13.3 percent

Question 42

To calculate the unemployment rate, which of the following are necessary pieces of information?
I. the number of unemployed persons
II. the population
III. the number of people in the labor force
IV. the working age population

A) I and IV
B) I and III
C) I and II
D) I, II III and IV

Question 43

Suppose initially that the working-age population is 220 million, the labor force is 150 million, and the official U-3 unemployment rate is 10 percent. 5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new U-3 unemployment rate?

A) 6.25 percent
B) 6.7 percent
C) 8.7 percent
D) 9.7 percent

Question 44

During a recession, people drop out of the labor force because they are unable to find a job. All else the same, this

A) increases the official U-3 unemployment rate.
B) increases the official U-3 unemployment rate and the labor force participation rate.
C) does not change the official U-3 unemployment rate.
D) decreases the official U-3 unemployment rate.

Question 45

Suppose the working-age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. The number of unemployed people is

A) 37 million.
B) 22 million.
C) 15 million.
D) 7 million.

Question 46

Suppose there are currently 100 people unemployed, 1500 people employed, 1600 people in the labor force, and 2000 people in the working age population. The unemployment rate equals 100 times

A) 100/2000.
B) 1500/2000.
C) 100/1600.
D) 100/1500.

Question 47

Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working-age population is 500 million people. What number of people are unemployed?

A) 25 million people
B) 100 million people
C) 20 million people
D) 5 million people

Question 48

Which of the following decreases the official U-3 unemployment rate?

A) Young people graduate from college and start to look for their first full -time job.
B) Workers leave the labor force.
C) More women enter the labor force and seek jobs.
D) None of the above because they all increase or do not change the unemployment rate.

Question 49

The population of Tiny Town is 100 people and the labor force is made up of 75 people. If 5 of these people are unemployed, the unemployment rate is

A) 5/100 × 100.
B) 5/75 × 100.
C) 5/80 × 100.
D) There is not enough information provided to calculate the unemployment rate.

Question 50

$$\begin{array} { | l | l | } \hline \text { Person A } & \begin{array} { l } \text { Now that the kids are in school for a full day, this } \\\text { person } \\\text { is looking for work and has interviewed for three jobs } \\\text { during the past two weeks. }\end{array} \\\hline \text { Person B } & \begin{array} { l } \text { This person has been laid off from a job but expects to } \\\text { be } \\\text { called back as soon as the economy improves. }\end{array} \\\hline \text { Person C } & \begin{array} { l } \text { This person has just graduated from college and will } \\\text { start a new job in three weeks. In the meantime this } \\\text { person will tour the great A merican b eaches. }\end{array} \\\hline \text { Person D } & \begin{array} { l } \text { This person was laid off last year when new } \\\text { equipment } \\\text { was installed at the plant, reducing the number of } \\\text { workers needed.Shortly after beinglaid off, this } \\\text { person looked for a new job, w as unable to find one } \\\text { and then stopped looking, even though this person } \\\text { still wants a job and is available for work. }\end{array} \\\hline\end{array}$$

-The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered to be a part of the labor force?

A) A, C, and D
B) A, B, and C
C) B, C, and D
D) C and D

Question 51

Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose their jobs and 300,000 find jobs. The new total of employed persons is
And the new unemployment rate is .

A) 93.9 million; 6.1 percent
B) 100 million; 6.1 percent
C) 100.1 million; 5.8 percent
D) 94.1 million; 5.9 percent

Question 52

In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time workers would prefer full-time work. What is the unemployment rate?

A) 6.7 percent
B) 8 percent
C) 23.2 percent
D) 25 percent

Question 53

If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the unemployment rate is

A) 9.1 percent.
B) 10 percent.
C) 6.6 percent.
D) 7.1 percent.

Question 54

Based on the following data for the country of Tiny Town, the unemployment rate equals: Population = 100
Labor force = 80
Number of employed persons = 70 Number of discouraged workers = 5

A) 5/70 × 100.
B) 15/80 × 100.
C) 10/80 × 100.
D) 10/100 × 100.

Question 55

In the United States in 1996, the population was 265.5 million and the working age population was
200)6 million. There were 133.9 million people in the labor force and 126.7 of them were employed. The unemployment rate equaled .

A) 3.6 percent
B) 5.4 percent
C) 33 percent
D) 7.2 percent

Question 56

Assume that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is . Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is .

A) 10 percent, 9 percent
B) 11 percent, 10 percent
C) 10 percent, 11 percent
D) 9 percent, 10 percent

Question 57

Which labor market statistic tends rise during recessions and fall during expansions?

A) the employment-to-population ratio
B) the unemployment rate
C) the labor-force participation rate
D) aggregate hours

Question 58

If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed and 150 million employed, the unemployment rate is

A) 23.3 percent.
B) 26.7 percent.
C) 6.25 percent.
D) 6.7 percent.

Question 59

The unemployment rate measures the percentage of

A) the working age population that canʹt find a full -time job.
B) people who want full-time jobs, but canʹt find them.
C) people in the labor force who canʹt find a job.
D) the working-age population who canʹt find a job.

Question 60

Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is

A) 10/80 × 100.
B) 10 percent.
C) 10/70 × 100.
D) There is not enough information provided to calculate the unemployment rate.

Question 61

If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the employment-to-population ratio is

A) 66.6 percent.
B) 78.6 percent.
C) 71.4 percent.
D) 75 percent.

Question 62

In an economy, 43 million people are employed, 3 million are unemployed, and 4 million are not in the labor force. What is the employment -to-population ratio?

A) 92 percent
B) 6.5 percent
C) 93 percent
D) 86 percent

Question 63

Based on the following data for the country of Tiny Town, the employment-to-population ratio equals multiplied by 100.
Population = 200
Working age population = 100 Labor Force = 90
Number of employed persons = 75

A) 90/100.
B) 75/100.
C) 75/200
D) 90/200.

Question 64

$$\begin{array} { | l | l | } \hline \text { Person A } & \begin{array} { l } \text { Now that the kids are in school for a full day, this } \\\text { person } \\\text { is looking for work and has interviewed for three jobs } \\\text { during the past two weeks. }\end{array} \\\hline \text { Person B } & \begin{array} { l } \text { This person has been laid off from a job but expects to } \\\text { be } \\\text { called back as soon as the economy improves. }\end{array} \\\hline \text { Person C } & \begin{array} { l } \text { This person has just graduated from college and will } \\\text { start a new job in three weeks. In the meantime this } \\\text { person will tour the great A merican b eaches. }\end{array} \\\hline \text { Person D } & \begin{array} { l } \text { This person was laid off last year when new } \\\text { equipment } \\\text { was installed at the plant, reducing the number of } \\\text { workers needed.Shortly after beinglaid off, this } \\\text { person looked for a new job, w as unable to find one } \\\text { and then stopped looking, even though this person } \\\text { still wants a job and is available for work. }\end{array} \\\hline\end{array}$$

-The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered unemployed using the official U-3 unemployment rate?

A) B, C, and D
B) A, B, and C
C) C and D
D) A, C, and D

Question 65

The percentage of the people of working age who have jobs is called the .

A) employment-to-working-age-population ratio
B) employment-to-population ratio
C) labor force
D) inverse of the unemployment rate

Question 66

$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Not working } \\\text { and looking for } \\\text { work (millions) }\end{array} & \begin{array} { c } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-The labor force participation rate is the ratio of

A) the labor force divided by the total population) multiplied by 100.
B) the number of unemployed divided by the labor force) multiplied by 100.
C) the labor force divided by the working-age population) multiplied by 100.
D) the number of unemployed divided by the working-age population) multiplied by 100.

Question 67

The employment-to-population ratio is defined as

A) total employment divided by the labor force then multiplied by 100.
B) total employment divided by labor hours then multiplied by 100.
C) the labor force divided by the working-age population then multiplied by 100.
D) total employment divided by the working-age population then multiplied by 100.

Question 68

From 1980 to 2000 the trend in the employment-to-population ratio was and from 2000 to 2010 the trend was .

A) downward; upward
B) downward; downward
C) upward; upward
D) upward; downward

Question 69

$$\begin{array} { | l | l | } \hline \text { Person A } & \begin{array} { l } \text { Now that the kids are in school for a full day, this } \\\text { person } \\\text { is looking for work and has interviewed for three jobs } \\\text { during the past two weeks. }\end{array} \\\hline \text { Person B } & \begin{array} { l } \text { This person has been laid off from a job but expects to } \\\text { be } \\\text { called back as soon as the economy improves. }\end{array} \\\hline \text { Person C } & \begin{array} { l } \text { This person has just graduated from college and will } \\\text { start a new job in three weeks. In the meantime this } \\\text { person will tour the great A merican b eaches. }\end{array} \\\hline \text { Person D } & \begin{array} { l } \text { This person was laid off last year when new } \\\text { equipment } \\\text { was installed at the plant, reducing the number of } \\\text { workers needed.Shortly after beinglaid off, this } \\\text { person looked for a new job, w as unable to find one } \\\text { and then stopped looking, even though this person } \\\text { still wants a job and is available for work. }\end{array} \\\hline\end{array}$$

-The above table shows answers given by people interviewed in a government survey of households. Which individual or individuals are considered marginally attached?

A) A and D
B) B, C, and D
C) A
D) A and D.

Question 70

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Not working } \\\text { and looking } \\\text { for work } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-In the table above, the size of the labor force is

A) 42 million.
B) 46 million.
C) 40 million.
D) 80 million.

Question 71

If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment-to-population rate is

A) 53.3 percent.
B) 65.2 percent.
C) 87.5 percent.
D) 46.7 percent.

Question 72

Suppose the number of people employed is 25 million and the number of people in the labor force is 75 million. What is the employment-to-population ratio?

A) 25 percent
B) 75 percent
C) 33 percent
D) There is not enough information given to answer the question.

Question 73

$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Not working } \\\text { and looking for } \\\text { work (millions) }\end{array} & \begin{array} { c } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-The labor force participation rate is calculated as the

A) labor force divided by the working age population then multiplied by 100.
B) labor force divided by the unemployment rate then multiplied by 100.
C) number of persons unemployed divided by the labor force then multiplied by 100.
D) labor force divided by the number of persons employed then multiplied by 100.

Question 74

The percentage of people employed aged 16 years and older divided by the working -age population is known as the

A) labor force participation rate.
B) employment rate.
C) working-age population ratio.
D) employment-to-population ratio.

Question 75

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Not working } \\\text { and looking } \\\text { for work } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-In the table above, the number of marginally attached workers is __________.

A) 4 million
B) 40 million
C) 2 million
D) 6 million

Question 76

$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Not working } \\\text { and looking for } \\\text { work (millions) }\end{array} & \begin{array} { c } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-The labor force participation rate is percentage of the __________who are in the labor force.

A) population
B) working-age population
C) people over age 16
D) people under age 65

Question 77

The employment-to-population ratio equals

A) labor force)/working-age population) × 100.
B) number of people employed)/labor force) × 100.
C) number of people employed)/working-age population) × 100.
D) number of people with full-time jobs)/labor force) × 100.

Question 78

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Not working } \\\text { and looking } \\\text { for work } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-In the table above, the official U-3 unemployment rate is

A) 50 percent.
B) 15 percent.
C) 5 percent.
D) 10 percent.

Question 79

The employment-to-population ratio is equal to the number of

A) unemployed people divided by the total population then multiplied by 100.
B) employed people divided by the total population then multiplied by 100.
C) employed people divided by the working-age population then multiplied by 100.
D) unemployed people divided by the working age population then multiplied by 100.

Question 80

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Not working } \\\text { and looking } \\\text { for work } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$

-In the table above, the number of people officially unemployed is__________ .

A) 40 million
B) 2 million
C) 4 million
D) 6 million