Question : 71) In August of 2013, the number of employed persons : 1238487

71) In August of 2013, the number of employed persons in the United States was 144.2 million, the number of unemployed persons was 11.3 million, and the number of persons not in the labor force was 90.5 million.  What was the unemployment rate in August of 2013?

A) 7.3%

B) 7.8%

C) 12.4%

D) 8.5%

E) There is not enough information to answer this question.

72) In August of 2013, the number of employed persons in the United States was 144.2 million, the number of unemployed persons was 11.3 million, and the number of persons not in the labor force was 90.5 million.  What was the working-age population in August of 2013?

A) 155.5 million

B) 234.7 million

C) 246.0 million

D) 101.8 million

E) There is not enough information to answer this question.

73) In August of 2013, the number of employed persons in the United States was 144.2 million, the number of unemployed persons was 11.3 million, and the number of persons not in the labor force was 90.5 million.  What was the labor force participation rate in August of 2013?

A) 92.7%

B) 63.2%

C) 58.2%

D) 58.6%

E) There is not enough information to answer this question.

74) If half of all unemployed individuals suddenly gave up looking for work, the unemployment rate would ________ and the labor force participation rate would ________.

A) decrease; decrease

B) decrease; increase

C) increase; decrease

D) increase; increase

E) There is not enough information to answer this question.

75) A weakness that could be noted about the unemployment rate is that it

A) does not account for the underutilization of workers.

B) considers marginally attached workers as unemployed.

C) overestimates the number of part-time workers.

D) does not count part-time workers.

E) counts discouraged workers as employed.

76) A marginally attached worker

i.does not have a job and has not looked for one in the last month.

ii.is available and willing to work.

iii.must work at least 1 hour per week.

A) iii only

B) ii only

C) ii and iii

D) i and ii

E) i only

77) A marginally attached worker is

A) a person who is not happy with his or her job.

B) someone who works part-time more than 25 hours per week but wants full-time work.

C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks.

D) someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks.

E) another name for an unemployed worker.

78) A marginally attached worker is

A) a worker who is unhappy at his or her job.

B) a worker who is looking for a job but can’t find one.

C) a worker who does not have a job and is available and wants one but has not made any efforts to find a job within the previous four weeks.

D) a person who only works part time but wants full-time work.

E) counted as unemployed in the official labor market statistics.

79) Which of the following would be considered a marginally attached worker?

i.Amy, who is working 20 hours per week at her father’s business

ii.Carl, who isn’t working and has not looked for work in 3 months because he has been turned down for work when he last looked

iii.Keke, who quit her job to take care of her daughter

A) ii only

B) i and ii

C) ii and iii

D) i only

E) i, ii, and iii

80) Suppose that Mel (who is 27) is not working, but looked for a job as recently as 2 months ago. Mel would like a job and he is available for work. He is considered

A) unemployed.

B) a member of the labor force and unemployed.

C) a member of the labor force, but not unemployed.

D) a member of the working-age population

E) a marginally attached worker.