Question 1

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The labour force participation rate is
A)73.3 percent.
B)20 percent.
C)60 percent.
D)66.7 percent.
E)53.3 percent.

Accepted Answer

The labor force participation rate is calculated as the labor force divided by the working-age population, then multiplied by 100 to get a percentage. The labor force includes both employed and unemployed individuals who are seeking employment. In this scenario, the labor force is 20 million (employed) + 2 million (unemployed) = 22 million. The working-age population is 30 million. Therefore, the labor force participation rate is (22 million / 30 million) * 100 = 73.3 percent.

Question 2

In a country with a working- age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The employment rate is
A)81.8 percent.
B)75.5 percent.
C)72.7 percent.
D)90.0 percent.
E)90.9 percent.

Accepted Answer

The employment rate is calculated as the number of employed individuals divided by the working-age population. Here, 18 million out of 22 million are employed, which gives an employment rate of $ \frac{18}{22} \times 100 = 81.8\% $.

Question 3

Who of the following would be counted as unemployed in Canada?
A)Vik, who has been staying at home watching reruns of "Hockey Night in Canada" and not searching since he was laid off at the flour mill.
B)Youngmin, who is a part- time hamburger flipper looking for a full- time job.
C)Caitlin, who is 14 years old and looking for a babysitting job.
D)Emmanuel, who lost his job at the steel plant when an automated assembly line was introduced six months ago, and has been job searching every day.
E)James, who is a full- time student looking for a part- time job.

Accepted Answer

Emmanuel is actively searching for employment but is currently unemployed, so he would be counted as unemployed according to Canadian labor statistics. Vik is not actively searching for employment, Youngmin is employed part-time, Caitlin is not yet in the labor force, and James is employed part-time while also being a full-time student.

Question 4

The unemployment rate is defined as
A)100 minus the employment rate.
B)the number of unemployed people divided by the number of people in the country.
C)the number of unemployed people divided by the number of employed people.
D)the number of unemployed people divided by the working- age population.
E)the number of unemployed people divided by the sum of the people employed and the people unemployed.

Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed people by the sum of the people employed and the people unemployed, then multiplying by 100 to get a percentage. This measures the proportion of the labor force that is not currently employed but is actively seeking employment.

Question 5

Which one of the following people would be counted as unemployed in Canada?
A)a person who will be starting a new job in 6 months
B)a person who expects to be laid off by the end of the month before next month's survey can be completed
C)a person who has been laid off for 4 weeks and is not looking for a job because he is waiting to be called back to his old job
D)a person who has been seeking a job for the last six months, but recently gave up looking because he was discouraged by his job prospects
E)a part- time worker who repeatedly expresses a desire to become a full- time worker

Accepted Answer

A person who has been laid off and is waiting to be called back to their old job is considered unemployed, as they are temporarily laid off and expect to return to work.

Question 6

In a country with a working- age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The labour force participation rate is
A)62.5 percent.
B)70 percent.
C)15.5 percent.
D)72.5 percent.
E)77.5 percent.

Accepted Answer

The answer of In a country with a working- age...

Question 7

Who of the following would be counted as unemployed in Canada?
A)Sharon is a university student with no job.
B)Doris only works five hours a week but is looking for a full- time job.
C)Maurice has been laid off from his job for 5 weeks but expects to be called back soon.
D)Kanhaya has stopped looking for work since he was unable to find a suitable job during a two- month search.
E)Bogdan has been laid off from his job but does not expect to be called back, and is not looking.

Accepted Answer

Maurice is considered unemployed because he has been laid off and is actively waiting to be called back to work, which fits the criteria for unemployment in Canada.

Question 8

In a country with a working- age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The involuntary part- time rate is
A)2.5 percent.
B)4.5 percent.
C)2.8 percent.
D)2.3 percent.
E)5 percent.

Accepted Answer

The answer of In a country with a working- age...

Question 9

Counting involuntary part- time workers as unemployed would
A)lower the measured unemployment rate.
B)raise the employment rate.
C)not change the actual unemployment rate.
D)raise the natural unemployment rate.
E)raise the measured unemployment rate.

Accepted Answer

Involuntary part-time workers are considered employed in the calculation of the unemployment rate. If they were counted as unemployed, it would increase the number in the unemployed category, thus raising the measured unemployment rate.

Question 10

Which one of the following people would be counted as unemployed in Canada?
A)Simone is currently working but expects to be laid off by the end of the month, before next month's survey can be completed.
B)Rebekah is a recent graduate looking for work.
C)Ron has quit looking because he believes that there is no work available for him.
D)Ruth is a 14- year- old student and has been looking for an after- school job every day for the past month.
E)Sarah has been looking for a job but is taking a month- long break from the job- seeking effort due to her lack of skills.

Accepted Answer

Rebekah is considered unemployed because she is actively looking for work, which fits the criteria for unemployment: not currently working but actively seeking employment.

Question 11

Which one of the following people would be counted as unemployed in Canada?
A)Benoit was laid off when his firm closed down two months ago and has not been looking for work, as he is going back to school.
B)Sharon is a university student with a job.
C)Kathy has stopped looking for work since she was unable to find a suitable job during a one- month search.
D)Christos was laid off from his job a month ago and has not been looking for a new job, as he is waiting for a severance package from his former employer.
E)Veena is not working, but she is looking for a full- time job.

Accepted Answer

In Canada, an individual who is not currently employed but is actively seeking and available for work is considered to be unemployed. Veena is actively looking for a job, so she would be considered as unemployed. Benoit, Kathy, and Christos are not considered unemployed because they are not actively seeking employment. Sharon is considered employed even though she is a university student with a job.

Question 12

If the working- age population increases, then
A)the unemployment rate increases.
B)the total number of people aged 15 years and above increases.
C)the size of the labour force increases.
D)the labour force participation rate increases.
E)the number of people employed increases.

Accepted Answer

The answer of If the working- age population increases, then
A)the...

Question 13

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The unemployment rate is
A)13.6 percent.
B)2 percent.
C)18.2 percent.
D)9.1 percent.
E)10 percent.

Accepted Answer

The answer of In a country with a working- age...

Question 14

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The employment rate is
A)18 percent.
B)53.3 percent.
C)73.3 percent.
D)66.7 percent.
E)60 percent.

Accepted Answer

The number of employed full-time workers is 20 million - 2 million(part-time workers) = 18 million. 
The number of employed part-time workers who wish to work full-time is 2 million/2 = 1 million. 
So, the number of employed full-time workers is 18 million + 1 million = 19 million.
Therefore, the total number of workers who have jobs, either full time or part time, and want to work full-time is 19 million. 
The employment rate is calculated as employed total/working-age population = (19 million + 2 million)/30 million = 21 million/30 million = 0.7 or 70%. 
Therefore, the best answer choice is D) 66.7 percent.

Question 15

In a country with a working- age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The size of the labour force is
A)20 million.
B)12.5 million.
C)14 million.
D)15.5 million.
E)14.5 million.

Accepted Answer

The labor force is the sum of employed and unemployed individuals. 
So, the labor force is 14 million (employed) + 1.5 million (unemployed) which equals 15.5 million.

Question 16

The labour force is the total number of
A)people aged 15 years and over.
B)people in the working- age population who are either employed or unemployed.
C)people employed.
D)full- time workers.
E)people in the working- age population who are employed.

Accepted Answer

The labour force includes both employed and unemployed individuals within the working-age population (i.e. those aged 15 years and over who are not in full-time education). Hence, option B is the best choice. Option A only covers the working-age population, but not necessarily those who are actively seeking or available for work. Option C refers only to employed individuals, while option D only includes full-time workers. Option E includes only employed individuals, but not those who are unemployed.

Question 17

Which one of the following people would be counted as unemployed in Canada?
A)Sharon recently began looking for work after staying at home for 10 years to look after her children.
B)Doris works only 5 hours a week but is looking for a full- time job.
C)Maurice is on a two- month vacation out of the country but is still looking for a job using the Internet.
D)Taylor is a homemaker.
E)Kanhaya has stopped looking for work since he was unable to find a suitable job during a two- month search.

Accepted Answer

Sharon is considered unemployed because she is actively looking for work after a period of not being in the labor force.

Question 18

The working- age population is the total number of people
A)in the labour force, aged 15 years and over, and employed.
B)aged 15 years and over.
C)in the labour force, aged 15 years and over.
D)in the labour force who are employed.
E)in the labour force.

Accepted Answer

The working-age population includes all individuals aged 15 years and over, regardless of whether they are employed or in the labour force. This includes both those who are employed and those who are not, as well as those who are not participating in the labour force. Therefore, option B, which includes all individuals aged 15 years and over, is the best choice.

Question 19

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The labour force is
A)16 million.
B)30 million.
C)18 million.
D)20 million.
E)22 million.

Accepted Answer

The labor force includes both employed and unemployed individuals who are actively seeking work. In this case, it's the sum of those employed (20 million) and those unemployed (2 million), totaling 22 million.

Question 20

In a country with a working- age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The unemployment rate is
A)18.2 percent.
B)2 percent.
C)9.1 percent.
D)10 percent.
E)11.1 percent.

Accepted Answer

The answer of In a country with a working- age...

Quiz 5: Monitoring Jobs and Inflation

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The labour force participation rate is

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Who of the following would be counted as unemployed in Canada?

The unemployment rate is defined as

Which one of the following people would be counted as unemployed in Canada?

In a country with a working- age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The labour force participation rate is

Who of the following would be counted as unemployed in Canada?

In a country with a working- age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The involuntary part- time rate is

Counting involuntary part- time workers as unemployed would

Which one of the following people would be counted as unemployed in Canada?

Which one of the following people would be counted as unemployed in Canada?

If the working- age population increases, then

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The unemployment rate is

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The employment rate is

In a country with a working- age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The size of the labour force is

The labour force is the total number of

Which one of the following people would be counted as unemployed in Canada?

The working- age population is the total number of people

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The labour force is

In a country with a working- age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part- time, half of whom wish to work full- time.The unemployment rate is