Question : 28) Which of the following statements true about the U.S. : 1388317

28) Which of the following statements is true about the U.S. economy?

A) Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly.

B) Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low.

C) Each year, many new jobs are created and many existing jobs are destroyed.

D) Each year few jobs are created, and therefore it takes the unemployed a long time to find a new job.

29) The labor force is the sum of

A) employed workers and discouraged workers.

B) employed workers and unemployed workers.

C) employed workers and individuals not looking for work.

D) employed workers and the working age population.

E) unemployed workers and the working age population.

30) Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. Nonetheless, you continue along your career path looking for a new job because

A) the cost of additional education is always higher during recession.

B) high unemployment rates do not usually last for very long.

C) looking for work is your only option.

D) the wages of college graduates do not fall during recession.

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.