Deck 28: Unemployment

Question 1

The amount of unemployment varies little over time and across countries.

Answer 1

False

Question 2

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households,called the Current Population Survey.

Answer 2

False

Question 3

Some degree of unemployment is inevitable in a complex economy.

Answer 3

True

Question 4

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Question 5

Long-run unemployment arises from a single problem that has a single solution.

Question 6

Every week,the Bureau of Labor Statistics produces data on unemployment.

Question 7

The amount of unemployment that a country typically experiences is a determinant of that country's standard of living.

Question 8

The natural rate of unemployment is impervious to economic policy.

Question 9

The natural rate of unemployment is a type of unemployment that does not go away on its own even in the long run.

Question 10

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than it would if it left many of its workers standing idle.

Question 11

Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate.

Question 12

An economy's natural rate of unemployment refers to the amount of unemployment that the economy normally experiences.

Question 13

Measuring unemployment is the job of the Bureau of Labor Statistics,which is part of the U.S.Department of Commerce.

Question 14

Government policy can do nothing about the natural rate of unemployment.

Question 15

The natural rate of unemployment is the desirable rate of unemployment for an economy.

Question 16

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Question 17

Most people rely on income other than their labor earnings to maintain their standard of living.

Question 18

The natural rate of unemployment is constant over time.

Question 19

Measuring unemployment is the job of the Bureau of Labor Statistics.

Question 20

The Bureau of Labor Statistics produces data on unemployment,types of employment,length of the average workweek,and the duration of unemployment.

Question 21

Every adult who was not employed during the previous 4 weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Question 22

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Question 23

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Question 24

Someone who is without work but is not looking for work is included in the Bureau of Labor Statistics' "unemployed" category.

Question 25

The Bureau of Labor Statistics places each adult (aged 16 and older)of each surveyed household into one of four categories: employed,underemployed,unemployed,and not in the labor force.

Question 26

Full-time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Question 27

The adult population must equal the sum of the employed,the unemployed,and those not in the labor force.

Question 28

The Bureau of Labor Statistics places each adult (aged 16 and older)of each surveyed household into one of three categories: employed,unemployed,and not in the labor force.

Question 29

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Question 30

Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category.

Question 31

The Bureau of Labor Statistics' "unemployed" category includes those who were not employed,were available for work,and had tried to find employment during the previous 4 weeks.

Question 32

Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

Question 33

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households,called the Census.

Question 34

Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "unemployed" category.

Question 35

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households,called the Current Population Survey.

Question 36

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Question 37

The Bureau of Labor Statistics defines the labor force as the sum of the employed and the unemployed.

Question 38

Stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category.

Question 39

The adult population must equal the sum of the employed and the unemployed.

Question 40

The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees,worked in their own business,or worked as unpaid workers in a family member's business.

Question 41

The labor-force participation rate is the percentage of the adult population that is either employed or unemployed.

Question 42

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The labor force of Wrexington in 2010 is 12,250.

Question 43

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The labor-force participation rate of Wrexington in 2010 is about 40.8 percent.

Question 44

The Bureau of Labor Statistics defines the unemployment rate as the percentage of the adult population that is unemployed.

Question 45

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The total adult population of Wrexington in 2010 is 30,000.

Question 46

The Bureau of Labor Statistics defines the unemployment rate as the percentage of the labor force that is unemployed.

Question 47

Within the U.S.population,women ages 20 and older have similar rates of labor-force participation as men.

Question 48

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

Question 49

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The unemployment rate of Wrexington in 2010 is about 18.4 percent.

Question 50

The labor force minus the number of employed equals the number of unemployed.

Question 51

Within the U.S.population,women ages 20 and older have lower rates of labor-force participation than men.

Question 52

The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

Question 53

The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

Question 54

The Bureau of Labor Statistics defines the labor-force participation rate as the percentage of the labor force that is employed.

Question 55

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The labor force of Wrexington in 2010 is 10,000.

Question 56

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The unemployment rate of Wrexington in 2010 is about 7.5 percent.

Question 57

The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

Question 58

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The total adult population of Wrexington in 2010 is 12,250.

Question 59

The Bureau of Labor Statistics defines the labor-force participation rate as the percentage of the total adult population that is in the labor force.

Question 60

Table 28-5
2010 Labor Data for Wrexington


-Refer to Table 28-5.The labor-force participation rate of Wrexington in 2010 is about 33.3 percent.

Question 61

Within the U.S.population,women have higher rates of unemployment than men.

Question 62

Within the U.S.population,blacks and whites have similar rates of unemployment.

Question 63

Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate sometimes is zero.

Question 64

Within the U.S.population,men and women have similar rates of unemployment.

Question 65

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

Question 66

Within the U.S.population,teenagers have higher rates of unemployment than older workers.

Question 67

The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

Question 68

Within the U.S.population,blacks ages 20 and older have lower rates of labor-force participation than whites.

Question 69

Economists at the Congressional Budget Office estimated that for 2007,the U.S.natural rate of unemployment was 4.8 percent.

Question 70

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

Question 71

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

Question 72

The deviation of unemployment from its natural rate is called cyclical unemployment.

Question 73

Within the U.S.population,blacks ages 20 and older have similar rates of labor-force participation as whites.

Question 74

Within the U.S.population,teenagers have similar rates of labor-force participation as older workers.

Question 75

In 2007,the U.S.natural rate of unemployment was estimated to be 4.8 percent,which was close to the actual rate of unemployment of 4.6 percent.

Question 76

Within the U.S.population,teenagers have lower rates of labor-force participation than older workers.

Question 77

Data on the unemployment rate in the U.S.since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

Question 78

Within the U.S.population,teenagers have similar rates of unemployment as older workers.

Question 79

Within the U.S.population,blacks have higher rates of unemployment than whites.

Question 80

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually decreased.