Question 1

Jai Li just lost her job,and she has not yet started looking for a new one.The Bureau of Labor Statistics counts Jai Li as

Accepted Answer

Jai Li is neither in the labor force nor unemployed because she is not actively seeking employment. The Bureau of Labor Statistics only counts individuals as unemployed if they are actively looking for work.

Question 2

The labor-force participation rate tells us the fraction of the population that

Accepted Answer

The labor-force participation rate measures the share of the population who have chosen to participate in the labor market by either being employed or actively seeking employment. It does not measure ability (A), employment history (B), or choice not to participate (D).

Question 3

The labor force equals the

Accepted Answer

The labor force includes both employed and unemployed individuals who are able and willing to work. Therefore, it is the sum of the number of people employed (which is a subset of the adult population) and the number of people unemployed. Option C is incorrect as it specifies a specific age range and number of hours worked, which is not included in the definition of the labor force.

Question 4

Suppose that the adult population in the country of Atlantis is 115 million.If 80 million people are employed and 5 million are unemployed,then

Accepted Answer

The labor force consists of employed and unemployed individuals. Therefore, 80 million employed + 5 million unemployed = 85 million in the labor force. The adult population is 115 million, so 115 million - 85 million = 30 million not in the labor force.

Question 5

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

Accepted Answer

When people stop working or seeking work, they are no longer counted as part of the labor force, which decreases both the number of unemployed and the labor force.

Question 6

Which of the following is correct?

Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force (which is the sum of employed and unemployed) multiplied by 100.

Question 7

Christopher is an unpaid,stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter.Currently,Christopher is not looking for a paid job.The Bureau of Labor Statistics counts Christopher as

Accepted Answer

Christopher is not actively seeking paid employment and is not considered unemployed according to the Bureau of Labor Statistics. Therefore, he is classified as not in the labor force, but also not unemployed.

Question 8

Josh is a full-time college student who is not working or looking for a job.The Bureau of Labor Statistics counts Josh as

Accepted Answer

Josh is a full-time college student who is not working or looking for a job. Therefore, he is neither in the labor force nor unemployed according to the Bureau of Labor Statistics.

Question 9

Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

The Bureau of Labor Statistics defines the labor force as individuals who are employed or unemployed but actively seeking work. Therefore, all three options - Tina as an employed worker, Kelly as an unemployed worker who expects to be recalled, and DJ as an unemployed worker actively seeking work - are included in the labor force.

Question 10

The labor-force participation rate measures the percentage of the

Accepted Answer

The labor-force participation rate measures the percentage of the total adult population that is in the labor force, which includes both employed and unemployed individuals. Therefore, the best choice is A. B and C are incorrect because they only measure the percentage of the employed individuals in the population or in the labor force, respectively. D is incorrect because it includes both employed and unemployed individuals, while the labor-force participation rate only measures the percentage of individuals in the labor force, regardless of their employment status.

Question 11

Noah is an unpaid stay-at-home father who is not currently searching for paid work.Pete 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?

Accepted Answer

The labor force is defined as those who are employed or actively seeking employment. Since neither Noah nor Pete are actively seeking paid employment, they are not included in the labor force as defined by the Bureau of Labor Statistics.

Question 12

Octavia does not currently have a job,but she has applied for several jobs in the previous week.Eve is an unpaid stay-at-home mom who has not searched for work in recent years.Who does the Bureau of Labor Statistics count as "out of the labor force"?

Accepted Answer

The Bureau of Labor Statistics counts individuals who are not employed, actively seeking work, or available for work as "out of the labor force". Eve fits this criteria as she is not actively seeking work, while Octavia is actively searching for employment.

Question 13

Who is not included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

According to the Bureau of Labor Statistics, individuals who are not actively seeking employment (such as retirees) are not included in the labor force. Therefore, Lauren, who has retired and is not looking for work, would not be included in the labor force. The other options listed (A and C) both involve individuals who are either currently on layoff or actively seeking work, so they would be included in the labor force.

Question 14

The labor-force participation rate is computed as

Accepted Answer

The labor-force participation rate is the portion of the adult population that is in the labor force, and is thus given by the (Labor Force ÷ Adult Population) × 100. Option (A) is incorrect because it includes individuals who are not part of the labor force in the calculation. Option (B) is incorrect because it divides the employed by the labor force, which gives the employment rate, not the labor-force participation rate. Option (D) is incorrect because it divides the adult population by the labor force, which is not a meaningful calculation.

Question 15

Which of the following is the correct formula for calculating the labor force participation rate?

Accepted Answer

The answer of Which of the following is the correct...

Question 16

Satchel loses his job and immediately begins looking for another.Other things the same,the unemployment rate

Accepted Answer

When Satchel loses his job and starts looking for another, he becomes unemployed, which increases the unemployment rate. However, since he is still part of the labor force, the labor-force participation rate remains unaffected.

Question 17

Who would be included in the labor force?

Accepted Answer

Lisa is included in the labor force because she is currently employed, even if she is unhappy with her job.

Question 18

Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

The Bureau of Labor Statistics includes individuals who are unemployed but actively seeking employment in the labor force. Therefore, Sarah fits this definition as she is looking for work. Dia and Kevin, on the other hand, are not actively seeking employment and therefore are not included.

Question 19

The Bureau of Labor Statistics defines the unemployment rate as the percentage of

Accepted Answer

The unemployment rate is calculated as the percentage of the labor force (people who are currently employed or actively seeking employment) who are unemployed. Therefore, option B is the correct definition. Options A, C, and D all include groups of people who are not in the labor force, which are not counted in the unemployment rate calculation.

Question 20

The unemployment rate is computed as the number of unemployed

Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the total labor force (employed + unemployed) multiplied by 100. This gives the percentage of the labor force that is unemployed. Option A is the correct choice.

Quiz 15: Unemployment: Identifying Unemployment

Jai Li just lost her job,and she has not yet started looking for a new one.The Bureau of Labor Statistics counts Jai Li as

The labor-force participation rate tells us the fraction of the population that

The labor force equals the

Suppose that the adult population in the country of Atlantis is 115 million.If 80 million people are employed and 5 million are unemployed,then

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

Which of the following is correct?

Christopher is an unpaid,stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter.Currently,Christopher is not looking for a paid job.The Bureau of Labor Statistics counts Christopher as

Josh is a full-time college student who is not working or looking for a job.The Bureau of Labor Statistics counts Josh as

Who is included in the labor force by the Bureau of Labor Statistics?

The labor-force participation rate measures the percentage of the

Noah is an unpaid stay-at-home father who is not currently searching for paid work.Pete 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?

Octavia does not currently have a job,but she has applied for several jobs in the previous week.Eve is an unpaid stay-at-home mom who has not searched for work in recent years.Who does the Bureau of Labor Statistics count as "out of the labor force"?

Who is not included in the labor force by the Bureau of Labor Statistics?

The labor-force participation rate is computed as

Which of the following is the correct formula for calculating the labor force participation rate?

Satchel loses his job and immediately begins looking for another.Other things the same,the unemployment rate

Who would be included in the labor force?

Who is included in the labor force by the Bureau of Labor Statistics?

The Bureau of Labor Statistics defines the unemployment rate as the percentage of

The unemployment rate is computed as the number of unemployed