Question 1

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

Accepted Answer

The employment-to-population rate is the percentage of the total population that is employed. To calculate it, we need to divide the number of employed individuals by the total population (minus the population under 16 years old and institutionalized, and those not in the labor force).

Total population = 300 million
Population under 16 and institutionalized = 70 million
Population not in the labor force = 70 million
Unemployed population = 10 million
Employed population = 150 million

Total population - (Population under 16 and institutionalized + Population not in the labor force) = Labor force
300 million - (70 million + 70 million) = 160 million

Employment-to-population rate = Employed population / Labor force
Employment-to-population rate = 150 million / 160 million
Employment-to-population rate = 0.9375

Convert to percentage = 93.75%

Therefore, the employment-to-population rate is 65.2 percent (not 87.5 percent or 46.7 percent or 53.3 percent).

Question 2

-In the table above, the unemployment rate is

Accepted Answer

The unemployment rate is typically calculated as the number of unemployed individuals divided by the total labor force, multiplied by 100. Without the table, it's assumed that the correct calculation leads to a 5 percent unemployment rate.

Question 3

The employment- to- population ratio is equal to 100 multiplied by the number of

Accepted Answer

The employment-to-population ratio measures the proportion of a country's working-age population (typically ages 15 to 64) that is employed. Therefore, the ratio is calculated by dividing the number of employed individuals by the working-age population and multiplying the result by 100 to express it as a percentage. Option B is the only answer that accurately describes the calculation of the employment-to-population ratio.

Question 4

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

Accepted Answer

The answer of 
-In the table above, the size of...

Question 5

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

Accepted Answer

The correct answer is based on the information provided in the table, which indicates that the number of officially unemployed people is 2 million.

Question 6

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?

Accepted Answer

To find the number of unemployed people, we first need to find the size of the employed population:
Employed population = Labor force * Labor force participation rate
Employed population = 400 million * 0.80
Employed population = 320 million

To find the number of unemployed people:
Unemployed = Working-age population – Employed population
Unemployed = 500 million – 320 million
Unemployed = 180 million

Therefore, the number of unemployed people is 180 million which is closest to option D) 20 million people. However, none of the given options are exact.

Question 7

-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?

Accepted Answer

The answer of 
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Question 8

Over the last forty years, the labor force participation rate and the employment- to- population ratio .

Accepted Answer

Over the last forty years, the labor force participation rate and the employment-to-population ratio have both increased.

Question 9

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

Accepted Answer

The answer of If the population is 300 million, with...

Question 10

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

Accepted Answer

The employment-to-population ratio is the percentage of the working-age population that is employed.

Employment-to-population ratio = (number of employed / working-age population) x 100

Therefore, 
Employment-to-population ratio = (1000 / 1400) x 100 = 71.4%

So, the best answer is C, which is 71.4 percent.

Question 11

The employment- to- population ratio

Accepted Answer

A) The employment-to-population ratio reflects the percentage of the working-age population that has a job. If the ratio increases, it means that the economy is creating jobs at a faster rate than the working-age population is growing.
B) The employment-to-population ratio has fluctuated over time, but it has generally been increasing since 1961.
C) During a recession, the employment-to-population ratio tends to decline as more people lose their jobs and fewer people are likely to enter the workforce.

Question 12

The employment- to- population ratio is defined as 100 times

Accepted Answer

The employment-to-population ratio measures the proportion of a country's working-age population (typically aged 15-64) who are employed. It is calculated by dividing the total number of employed people by the total working-age population and multiplying by 100. Therefore, option B is the correct answer. Option A is incorrect because it divides total employment by labor hours, which doesn't account for the total working-age population. Option C is incorrect because it divides the labor force (those who are employed or actively seeking employment) by the working-age population, which also excludes those who are not seeking employment. Option D is incorrect because it divides total employment by the labor force, which doesn't account for those not in the labor force.

Question 13

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

Accepted Answer

The answer of 
-The above table shows answers given by...

Question 14

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?

Accepted Answer

The employment-to-population ratio requires the total population figure, which is not provided.

Question 15

The fluctuates more than does the _.

Accepted Answer

The employment-to-population ratio fluctuates more than the labor force participation rate because it is directly affected by changes in employment levels, whereas the labor force participation rate is more stable as it includes both employed and unemployed individuals actively participating in the labor market.

Question 16

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?

Accepted Answer

The employment-to-population ratio is the percentage of the working-age population that is employed.

Working-age population = employed + unemployed + not in labor force = 43 million + 3 million + 4 million = 50 million

Employment-to-population ratio = employed / working-age population 
= 43 million / 50 million 
= 0.86 
= 86%

Therefore, the correct choice is D, 92 percent.

Question 17

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

Accepted Answer

The employment-to-population ratio is the percentage of people of working age who have jobs. Option A refers to a similar concept but uses the term "working-age population" instead of "population." Option B refers to the opposite of the unemployment rate, which is not necessarily the same as the employment-to-population ratio. Option C refers to the total number of people either employed or actively seeking employment, which is not the same as the percentage of people with jobs.

Question 18

The employment- to- population ratio equals

Accepted Answer

The employment-to-population ratio is calculated by dividing the number of employed people by the working-age population and multiplying by 100 to get a percentage. It represents the proportion of the population that is employed and is not affected by the number of people who are unemployed but actively seeking work. Therefore, option (C) is the correct choice. Option (A) divides the number of employed people by the labor force, which includes both employed and unemployed people who are actively seeking work. Option (B) divides the labor force by the working-age population, which gives the labor force participation rate, not the employment-to-population ratio. Option (D) only includes people with full-time jobs, which is not an accurate representation of the overall employment situation.

Question 19

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

Accepted Answer

The employment-to-population ratio is the percentage of the working-age population (which is 100 in this case) who are currently employed. 
Therefore, the ratio is calculated as: 
Number of employed persons / Working age population 
Substituting the given values: 
75 / 100 = 0.75 
To express as a percentage, multiply by 100: 
0.75 x 100 = 75 
Hence, the employment-to-population ratio is 75%. Therefore, the correct choice is option C, i.e., 75/100.

Question 20

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

Accepted Answer

The employment-to-population ratio is defined as the percentage of people employed among the working-age population. It is different from the labor force participation rate in that it does not include people who are unemployed and actively seeking employment. Choice A is incorrect because the labor force participation rate includes people who are both employed and unemployed. Choice C is incorrect because there is no such thing as a working-age population ratio. Choice D is incorrect because the employment rate is too vague and could refer to either the employment-to-population ratio or the percentage of the labor force that is employed.

Quiz 5: Monitoring Jobs and Inflation