Question : 31) The unemployment rate A) the percentage of the labor : 1244737

31) The unemployment rate is

A) the percentage of the labor force that is employed.

B) the percentage of the number employed that is unemployed.

C) the percentage of the working-age population that is unemployed.

D) the percentage of the labor force that is unemployed.

E) the percentage of the working-age population that is employed.

32) A full-time student who is not working is categorized as

A) unemployed.

B) employed.

C) not in the labor force.

D) a discouraged worker.

E) frictionally unemployed.

33) Discouraged workers are classified by the BLS as

A) part of the labor force.

B) out of the labor force.

C) unemployed.

D) employed.

E) part-time employees.

34) Discouraged workers are

A) workers who have a part time job but want a full time job.

B) workers who find their current jobs unfulfilling and are considering a job change.

C) workers who have consistently been looking for work for more than 4 weeks.

D) workers who have stopped looking for work because they believe there are no jobs for them.

35) The labor force participation rate is defined as

A) the percentage of the working-age population that is employed.

B) the percentage of the working-age population that is unemployed.

C) the percentage of the labor force that is employed.

D) the percentage of the labor force that is unemployed.

E) the percentage of the working-age population in the labor force.

36) Mike has been unemployed for over a year. He hasn’t looked for a job in the last three months, but he’s just started looking for work again. Because Mike started looking for a new job,

A) the unemployment rate increased.

B) the labor force participation rate decreased.

C) the unemployment rate decreased.

D) the working-age population increased.

37) During the month of May, 10 million workers moved from being classified as “unemployed” to being classified as “employed.” As a result

A) the unemployment rate rose.

B) the labor force participation rate fell.

C) the unemployment rate fell.

D) the labor force participation rate rose.

38) Which of the following would reduce the labor force participation rate, all else equal?

A) an increase in the number of people in the labor force

B) an increase in the unemployment rate

C) a decrease in the unemployment rate

D) an increase in the working-age population

39) Jack lost his job six months ago, and he’s been actively looking for a new job ever since. The Bureau of Labor Statistics would classify Jack as

A) unemployed.

B) out of the labor force.

C) a discouraged worker.

D) all of the above.

40) Which of the following causes the unemployment rate to understate the true extent of joblessness?

A) Many full time workers really want to be part time workers.

B) Persons who collect unemployment benefits report themselves to be searching for a job.

C) Discouraged workers are not counted as unemployed.

D) A drug dealer reports herself as unemployed.

E) Discouraged workers are counted as unemployed.