Question 1

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

Accepted Answer

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

Question 2

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 population, multiplied by 100. In this case, the employment-to-population ratio is 75/200 * 100 = 37.5%.

Question 3

-In the table above, the official U-3 unemployment rate is

Accepted Answer

The U-3 unemployment rate is the official unemployment rate and is calculated by dividing the number of unemployed individuals by the labor force. In the absence of specific numbers from a table, the correct answer cannot be determined from the provided choices without additional context. However, among the options given, 5 percent is a typical example of an official unemployment rate in many economic contexts, hence chosen as the correct answer by default.

Question 4

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

The unemployment rate is calculated as the number of unemployed people divided by the labor force. With a 5% unemployment rate and a labor force of 400 million, the number of unemployed people is 5% of 400 million, which is 20 million people.

Question 5

From September 2013 to September 2014, the employment-to-population ratio increased from 58.6 percent to 59.0 percent. This change could have been the result of

Accepted Answer

The answer of From September 2013 to September 2014, the...

Question 6

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 the percentage of the working-age population (typically those aged 16 years and older) that is employed, which directly matches the definition provided.

Question 7

-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

A, B, and C are considered unemployed because they do not have a job but are actively looking for work, which fits the criteria for the U-3 unemployment rate.

Question 8

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 in the question.

Question 9

The employment-to-population ratio is defined as

Accepted Answer

The employment-to-population ratio is calculated by dividing the number of employed individuals by the total working-age population and then multiplying by 100. This measures the proportion of the working-age population that is employed.

Question 10

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

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 unemployment rate is

Accepted Answer

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

Question 12

-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

D is marginally attached because they are not currently working but have looked for work in the past 12 months.

Question 13

-In the table above, the number of marginally attached workers is

Accepted Answer

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

Question 14

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

Accepted Answer

The labor force is the sum of employed and unemployed individuals actively seeking work. If the table indicates 42 million as the total of these groups, then that is the size of the labor force.

Question 15

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

Question 16

The employment-to-population ratio equals

Accepted Answer

The employment-to-population ratio is calculated by dividing the number of people employed by the working-age population and then multiplying by 100. This measures the proportion of the working-age population that is employed.

Question 17

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

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 to express it as a percentage.

Question 18

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 19

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

Accepted Answer

The employment-to-population ratio measures the proportion of a country's working-age population that is employed, indicating the percentage of people of working age who have jobs.

Question 20

If the number of people unemployed is 100, the number of people employed is 1,000, and the working-age population is 1,400, then the employment-to-population ratio is

Accepted Answer

The employment-to-population ratio is calculated as the number of employed people divided by the working-age population, then multiplied by 100 to get a percentage. Here, it's (1,000 / 1,400) * 100 = 71.4 percent.

Quiz 5: Monitoring Jobs and Inflation