Question 1

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 calculated by dividing the number of employed people by the working-age population and then multiplying by 100. So, (1000/1400) * 100 = 71.4 percent.

Question 2

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 answer of In an economy, 43 million people are...

Question 3

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 number of employed persons divided by the working age population, multiplied by 100. In this case, the working age population is 100, and the number of employed persons is 75. Therefore, the employment-to-population ratio is 75/100, which equals 0.75 when expressed as a decimal or 75% when multiplied by 100.

Question 4

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

Accepted Answer

The answer of \[\begin{array} { | l | l |...

Question 5

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

Accepted Answer

The correct term for the percentage of the people of working age who have jobs is the employment-to-population ratio. The other options are related to labor market indicators, but they do not directly refer to the percentage of employed people in the population. The employment-to-working-age-population ratio is a similar concept but with a more specific definition, considering only people between the ages of 15 and 64 as the working age population. The labor force is the sum of employed and unemployed people, and the inverse of the unemployment rate is a mathematical formula used to calculate the employment rate.

Question 6

$$\begin{array} { | c | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { c } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { c } 
\text { Not working } \
\text { and looking for } \
\text { work (millions) }
\end{array} & \begin{array} { c } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-The labor force participation rate is the ratio of

Accepted Answer

The answer of \[\begin{array} { | c | l |...

Question 7

The employment-to-population ratio is defined as

Accepted Answer

The employment-to-population ratio measures the proportion of the working-age population that is employed. It is calculated by dividing the number of employed people by the total working-age population, and then multiplying by 100 to get a percentage. This ratio gives a sense of how much of the potential workforce is actually working, and is used as an indicator of labor market strength.

Question 8

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

Accepted Answer

From 1980 to 2000, the employment-to-population ratio generally increased, reflecting economic growth and increased labor force participation. From 2000 to 2010, the ratio declined, particularly due to the impact of the 2008 financial crisis and recession.

Question 9

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

Accepted Answer

The answer of \[\begin{array} { | l | l |...

Question 10

$$\begin{array} { | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Not working } \
\text { and looking } \
\text { for work } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-In the table above, the size of the labor force is

Accepted Answer

The labor force is the sum of the currently employed and those not working but looking for work. In this case, the labor force is 40 + 2 = 42 million.

Question 11

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 number of people who are not employed is 70 million (not in the labor force) + 10 million (unemployed) = 80 million. Thus, the number of people who are employed is 300 million - 80 million = 220 million.

The employment-to-population rate is the number of employed people divided by the total population, which is (220 million / 300 million) x 100% = 73.3%.

However, this does not take into account the 70 million people who are under the age of 16 and institutionalized, as they are not part of the population that can be employed.

To adjust for this, we must subtract them from the total population and the total number of people not employed (not in the labor force + unemployed).

Adjusted population = 300 million - 70 million = 230 million 
Adjusted number of people not employed = 80 million - 70 million = 10 million

Now, the employment-to-population rate is (220 million / 230 million) x 100% = 95.7%.

Rounded to the nearest tenth, the answer is B) 65.2%.

Question 12

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 answer of Suppose the number of people employed is...

Question 13

$$\begin{array} { | c | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { c } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { c } 
\text { Not working } \
\text { and looking for } \
\text { work (millions) }
\end{array} & \begin{array} { c } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-The labor force participation rate is calculated as the

Accepted Answer

The labor force participation rate is calculated by dividing the labor force (currently employed + not working and looking for work) by the total working-age population, then multiplying by 100.

Question 14

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

Accepted Answer

The given definition perfectly matches with the employment-to-population ratio, which is the percentage of working-age population that is employed. Hence, the correct option is (D). The other options, labor force participation rate refers to the sum of employed and unemployed individuals divided by the working-age population, employment rate refers to the fraction of the total population that is employed, and working-age population ratio is not a commonly used term in labor economics.

Question 15

$$\begin{array} { | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Not working } \
\text { and looking } \
\text { for work } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-In the table above, the number of marginally attached workers is __________.

Accepted Answer

Marginally attached workers are those who want to work but are no longer looking for work. In the table, this number is 4 million.

Question 16

$$\begin{array} { | c | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { c } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { c } 
\text { Not working } \
\text { and looking for } \
\text { work (millions) }
\end{array} & \begin{array} { c } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-The labor force participation rate is percentage of the __________who are in the labor force.

Accepted Answer

The answer of \[\begin{array} { | c | l |...

Question 17

The employment-to-population ratio equals

Accepted Answer

The employment-to-population ratio is defined as the number of people who are employed (either full-time or part-time) divided by the total working-age population. Therefore, choice C is the correct answer. Choice A divides by the labor force, which is only a subset of the working-age population. Choice B divides by the labor force, not the total working-age population. Choice D only considers people with full-time jobs, not those who work part-time.

Question 18

$$\begin{array} { | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Not working } \
\text { and looking } \
\text { for work } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-In the table above, the official U-3 unemployment rate is

Accepted Answer

The official U-3 unemployment rate is calculated as the number of unemployed persons divided by the labor force. The labor force is the sum of the employed and unemployed persons. In this case, the labor force is 40 + 2 = 42 million. The unemployment rate is therefore 2 / 42 = 5%.

Question 19

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

Accepted Answer

The employment-to-population ratio is a measure of the percentage of a country's working-age population that is employed. This means we need to divide the number of employed people by the working-age population (excluding those who are not in the labor force, such as students or retirees). Choice A and D both incorrectly include the number of unemployed people in the calculation, while choice B includes the total population rather than just the working-age population. Therefore, choice C is the correct answer.

Question 20

$$\begin{array} { | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Total } \
\text { population } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Currently } \
\text { employed } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Not working } \
\text { and looking } \
\text { for work } \
\text { (millions) }
\end{array} & \begin{array} { l } 
\text { Want to work but } \
\text { no longer looking } \
\text { for work } \
\text { (millions) }
\end{array} \
\hline 80 & 40 & 2 & 4 \
\hline
\end{array}$$
-In the table above, the number of people officially unemployed is__________ .

Accepted Answer

The number of people officially unemployed is the number of people who are not working and looking for work. In the table, this number is 2 million.

Quiz 5: Monitoring Jobs and Inflation