Question :
31) Assume the U.S. population 300 million. If 200 million : 1240904
31) Assume the U.S. population is 300 million. If 200 million people are of working age, 125 million are employed, and 15 million are unemployed, what is the size of the labor force?
A) 200 million
B) 140 million
C) 125 million
D) 215 million
E) 175 million
32) The unemployment rate is the
A) number of unemployed people.
B) percentage of the population that does not have a job.
C) percentage of the working-age population that does not have a job.
D) percentage of the labor force that does not have a job.
E) percentage of employed people that does not have a job.
33) The unemployment rate measures the percentage of
A) people who want full-time jobs, but can’t find them.
B) the working-age population who can’t find a job.
C) people in the labor force who can’t find a job.
D) the working-age population that can’t find a full-time job.
E) employed people who can’t find a job.
34) The unemployment rate equals 100 multiplied by the
A) number of people unemployed divided by the labor force.
B) number of people unemployed divided by the population.
C) number of people unemployed divided by the number of people employed.
D) labor force divided by the number of people unemployed.
E) number of people unemployed divided by the working-age population.
35) The unemployment rate equals
A) (number of people employed ÷ working-age population) × 100.
B) (number of people unemployed ÷ labor force) × 100.
C) (labor force ÷ working-age population) × 100.
D) (number of people employed ÷ number of people age 16 and over) × 100.
E) (number of people unemployed ÷ number of people employed) × 100.
36) The unemployment rate is equal to
A) (labor force ÷ population) × 100.
B) (number of employed people ÷ labor force) × 100.
C) (number of unemployed people ÷ labor force) × 100.
D) (number of unemployed people ÷ number of employed) × 100.
E) (number of unemployed people ÷ working-age population) × 100.
37) The unemployment rate is the number of people unemployed divided by the
A) population, then multiplied by 100.
B) labor force participation rate, then multiplied by the population.
C) labor force, then multiplied by 100.
D) number of people employed, then multiplied by 100.
E) working-age population, then multiplied by 100.
38) In calculating the unemployment rate, part-time workers over the age of 16 are counted as
A) employed.
B) unemployed.
C) not in the labor force.
D) employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers.
E) not in the working-age population.
39) If a significant number of part-time workers successfully find full-time employment, then
A) the unemployment rate will fall.
B) the labor force participation rate will increase..
C) the unemployment rate will remain unchanged.
D) the unemployment rate will rise.
E) Both answers A and B are correct.
40) Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?
A) 92.5 percent
B) 7.5 percent
C) 8.8 percent
D) 5 percent
E) 20 percent
41) If 160 million people are employed, 15 million people are unemployed, and the population is 280 million people, the unemployment rate is
A) 57 percent.
B) 62.5 percent.
C) 9.4 percent.
D) 8.6 percent.
E) not possible to calculate without data on the labor force.
42) Suppose the population of Timmy Town is 1000 people and the working-age population is 800. If 200 of these people are unemployed, the unemployment rate in Timmy Town is
A) 2 percent.
B) 1/5 × 100.
C) 1/8 × 100.
D) 1/4 × 100.
E) There is not enough information provided to calculate the unemployment rate.
43) Suppose the working-age population is 500 million, the labor force is 200 million, and the unemployment rate is 15 percent. The number of unemployed people is
A) 30 million.
B) 75 million.
C) 45 million.
D) 105 million.
E) 15 million.
44) In fall 2009, the population of the United States was 301 million, the working-age population was 235.7 million, the total number of people employed and unemployed was 154.9 million, and the total number of unemployed people was 14.7 million. What is the unemployment rate?
A) 51 percent
B) 6.2 percent
C) 4.9 percent
D) 9.5 percent
E) 4.6 percent
45) Using the table above, the working-age population is
A) 155 million.
B) 170 million.
C) 195 million.
D) 250 million.
E) 220 million.
46) Using the table above, the number of people in the labor force is
A) 145 million.
B) 165 million.
C) 175 million.
D) 195 million.
E) 185 million.
47) Using the table above, the unemployment rate is
A) 5.13 percent.
B) 5.88 percent.
C) 6.45 percent.
D) 6.90 percent.
E) 5.71 percent.
48) Using the table above, the unemployment rate is
A) 11.2 percent.
B) 6.3 percent.
C) 4.2 percent.
D) 10 percent.
E) 5.8 percent.
49) Using the table above, the labor participation rate is
A) 67 percent.
B) 48 percent.
C) 75 percent.
D) 83 percent.
E) 40 percent.
50) In the table above, the number of unemployed people is
A) 2,000.
B) 1,000.
C) 1,100.
D) 11,000.
E) 3,000.
51) In the table above, the unemployment rate is
A) 12 percent.
B) 10 percent.
C) 8 percent.
D) 6 percent.
E) 11 percent.
52) Using the table above, the labor force participation rate is
A) 83.3 percent.
B) 90.0 percent.
C) 10.0 percent.
D) 11.1 percent.
E) 100 percent.
