Question : Table 9-1 Total population                20,000 Working-age populati : 1388315

 

Table 9-1

 

Total population

               20,000

Working-age population

               15,000

Employment

                 1,000

Unemployment

                    100

 

Consider the data above for a simple economy.

 

8) Refer to Table 9-1. The unemployment rate for this simple economy equals

A) (100/1,000) × 100.

B) (100/1,100) × 100.

C) (100/15,000) × 100.

D) (100/20,000) × 100.

 

 

9) Refer to Table 9-1. The labor force participation rate for this simple economy equals

A) (1,000/1,100) × 100.

B) (1,000/15,000) × 100.

C) (1,100/15,000) × 100.

D) (1,100/20,000) × 100.

 

 

10) Suppose the working-age population of a fictional economy falls into the following categories:  90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment.  The official unemployment rate as calculated by the U.S. Bureau of Labor would equal

A) (20/60) × 100.

B) (20/80) × 100.

C) (30/80) × 100.

D) (20/100) × 100.

 

11) Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed.  The labor force participation rate will

A) increase.

B) decrease.

C) remain constant.

D) not change in a way that can be predicted.

 

 

12) The unemployment rate equals the number of unemployed divided by the ________, all times 100.

A) number of employed

B) labor force

C) working-age population

D) total population

 

 

13) Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students.  This would cause

A) the unemployment rate to decrease.

B) the labor force participation rate to decrease.

C) the number of discouraged workers to increase.

D) no change in the unemployment rate.

 

14) Someone who is available for work but has not actively looked for work in the previous four weeks would be classified as

A) employed.

B) unemployed.

C) not in the labor force.

D) not in the working-age population.

 

 

15) The labor force participation rate equals the

A) (number of employed divided by the labor force) × 100.

B) (labor force divided by the number of people not in the labor force) × 100.

C) (labor force divided by working-age population) × 100.

D) (labor force divided by the total population) × 100.

 

 

16) If the BLS counted persons that are on active military service in the totals for employment, the labor force, or the working-age population, this would

A) decrease the measured unemployment rate.

B) decrease the measured labor force participation rate.

C) decrease the number of persons in the labor force.

D) decrease the number of persons in the working-age population.

 

 

17) Which of the following labor market statistics best indicates the amount of labor that is available to the economy from a given working-age population?

A) unemployment rate

B) discouraged-worker ratio

C) labor force participation rate

D) the ratio of minimum wage to inflation

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more