Question 1

Which of the following is true?

Accepted Answer

To be classified as employed, you must work at least 1 hour per week at a paid job or 15 hours or more as unpaid workers in your family business. This definition includes both full-time and part-time workers, and also unpaid family workers. Therefore, answer choice D is the correct one. Answer choice A and B are incorrect because they exclude part-time workers and unpaid family workers. Answer choice C is incorrect because the threshold for part-time work may vary depending on the industry or company. Answer choice E is incorrect because turning down a job offer does not necessarily mean the person is no longer unemployed, as they may still be actively looking for work.

Question 2

Suppose a 23-year old graduate student is looking for a full-time job , but has to take a part-time job instead. He or she will be categorized in the Current Population Survey as ________ when calculating the unemployment rate.

Accepted Answer

The graduate student in this scenario is working part-time, so he or she is considered employed for the purposes of calculating the unemployment rate. Only individuals who are actively seeking full-time work but unable to find it are considered unemployed.

Question 3

The working-age population includes

Accepted Answer

The working-age population includes both employed and unemployed individuals over the age of 16. Those in jails and hospitals may be excluded due to their inability to work, and youngsters between the ages of 14 and 16 may not be included if they are not working at least part time. Army personnel may be included if they are over the age of 16 and able to work.

Question 4

The following are groups of individuals in the population:
1.Individuals who are under 16
2.Individuals in institutional care
3.Individual in the armed forces
4.Individuals working for pay at a fulltime job
5.Individuals who are employed
6.Individuals not employed but were available for work and were looking for work
7.Individuals not employed and looking for work
-Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, and 3 as

Accepted Answer

Subtracting groups 1, 2, and 3 from the total population leaves individuals who are of working age, which is typically defined as those over 16 who are not in institutional care or the armed forces. Therefore, the correct choice is A, the working-age population.

Question 5

If the number of people in the labor force ________, then ________.

Accepted Answer

When the number of people in the labor force increases, it means that more people are actively seeking employment, which would increase the labor force participation rate. This does not necessarily mean that the unemployment rate would decrease, as the number of available jobs may not have increased at the same rate as the labor force.

Question 6

The purpose of the Current Population Survey is to determine the

Accepted Answer

The Current Population Survey is conducted by the U.S. Census Bureau and the Bureau of Labor Statistics to gather information on the employment status of the population. It asks about job status, wages, hours worked, and other related data to produce monthly statistics on employment and unemployment rates. It does not focus on determining the number of people in the population, age structure, income level, or prices of goods and services.

Question 7

Rob is considered unemployed in the Current Population Survey if he

Accepted Answer

According to the definition used by the Current Population Survey, someone is classified as unemployed if they have actively looked for a job in the last four weeks but have not been able to find one. Therefore, option A is the best choice for this question. Option B describes someone who is employed but only for a limited number of hours, while option C describes someone who is not actively looking for a job. Option D describes someone who is employed but not in the job they desire, which is not the same as being unemployed. Option E describes a student who is not currently seeking employment.

Question 8

After graduating from college, Yunis, age 22, started working for his parent's real estate business as an unpaid assistant.He works 25 hours a week helping manage rental units .In the Current Population Survey, Yunis is considered

Accepted Answer

Yunis is considered part of the labor force because he is willing and able to work, and is actively searching for a job or currently employed. He is also considered employed because he is working for his parents' real estate business, even though he is not being paid. Option C is incorrect because he is actively participating in the labor market. Option A is incorrect because he is considered employed, not unemployed. Options D and E are also incorrect because there is no indication that Yunis has given up on finding a job or is not part of the working-age population.

Question 9

In the Current Population Survey, a person is considered unemployed if the person

Accepted Answer

The Current Population Survey considers a person unemployed if they do not have a job and are actively looking for a job. Therefore, the best choice would be D, which states exactly that. Choices A, B, C, and E do not fully capture the definition of unemployed according to the survey.

Question 10

The Bureau of Labor Statistics (BLS) compiles information about employment by

Accepted Answer

The BLS performs a monthly survey of 60,000 households to gather information about employment. This is the most accurate and up-to-date method of gathering employment data on a regular basis. A census of every household would be impractical, and contacting each state's Department of Labor may not provide a representative sample of the entire country. Determining the average estimate of labor market specialists around the nation would also not provide an accurate picture of employment trends.

Question 11

The following are groups of individuals in the population:
1.Individuals who are under 16
2.Individuals in institutional care
3.Individual in the armed forces
4.Individuals working for pay at a fulltime job
5.Individuals who are employed
6.Individuals not employed but were available for work and were looking for work
7.Individuals not employed and looking for work
-Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, 3, 4, 5, and 6 as

Accepted Answer

The group of individuals left after subtracting groups 1, 2, 3, 4, 5, and 6 represents individuals who are not in the labor force. This includes people who are not working and are not actively seeking employment, such as retirees, students, and homemakers, among others. They are not considered part of the labor force and are therefore not included in measures of employment and unemployment.

Question 12

In order to obtain the data used to calculate the unemployment rate, the Bureau of Labor Statistics

Accepted Answer

The Bureau of Labor Statistics conducts a monthly survey called the Current Population Survey (CPS) of around 60,000 households across the United States. The survey gathers information about the labor force status of the respondents, including whether they are employed, unemployed, or not in the labor force. Based on this survey data, the Bureau of Labor Statistics calculates the unemployment rate.

Question 13

If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as

Accepted Answer

Brian meets the definition of unemployed, as he is available and actively seeking employment but currently does not have a job.

Question 14

If KeKe, age 32 worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate.

Accepted Answer

If KeKe worked 12 hours as a paid employee the week before the Current Population Survey, then she should be classified as employed when calculating the unemployment rate. To be classified as unemployed, a person must not have a job, be available for work, and actively seeking employment. Since KeKe worked at least one hour in the reference week, she cannot be classified as unemployed.

Question 15

To be considered unemployed, a worker must have had

Accepted Answer

According to the definition of unemployment given in the sentence, the worker must have had no employment during the week before the survey and be actively looking for a job. Part-time employment while actively looking for a full-time job (option B) does not make the worker unemployed as he/she is employed. Option C is incorrect because being a student is not part of the definition of unemployment. Option D is incorrect because the worker must have had no employment during the week before the survey, not just the day before. Option E is incorrect because while option A includes the criteria of option B, option B alone does not fully satisfy the definition of unemployment.

Question 16

The working-age population consists of all the people in the population

Accepted Answer

The working-age population includes all individuals who are aged 16 and over and are not in jail, hospital, or an institution or serving in the U.S. Armed Forces. This definition does not limit the upper age range to 65, as in option B, nor does it have a minimum age requirement of 21, as in option D. The working-age population also includes both employed and unemployed individuals, making option E incorrect.

Question 17

Phillip is a 22-year old who has no job and is available for work, but has not actively looked for a job in the last month.The Current Population Survey identifies Phillip as ________ , ________ the labor force, and ________ the working-age population.

Accepted Answer

The answer of Phillip is a 22-year old who has...

Question 18

The following are groups of individuals in the population:
1.Individuals who are under 16
2.Individuals in institutional care
3.Individual in the armed forces
4.Individuals working for pay at a fulltime job
5.Individuals who are employed
6.Individuals not employed but were available for work and were looking for work
7.Individuals not employed and looking for work
-Using the table above, the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as

Accepted Answer

The group of individuals obtained by adding groups 5 (employed) and 6 (not employed but available for work and looking for work) is the labor force.

Question 19

An unpaid worker in a family business is classified as

Accepted Answer

The answer of An unpaid worker in a family business...

Question 20

Which of the following people would be classified as employed in the Current Population Survey?

Accepted Answer

The answer of Which of the following people would be...

Quiz 6: Jobs and Unemployment