Question : 61) From the table above, which gives data about the : 1228270

61) From the table above, which gives data about the U.S. labor market in 1933, the unemployment rate is

A) 2 percent.

B) 18 percent.

C) 20 percent.

D) 25 percent.

E) 35 percent.

62) If the working age population ________ and the labor force does not change, the ________.

A) increases; labor force participation rate will increase

B) increases; labor force participation rate will decrease

C) increases; unemployment rate will increase

D) decreases; unemployment rate will increase

E) decreases; labor force will increase

63) The labor force participation rate is equal to

A) (labor force ÷ population) × 100.

B) (labor force ÷ working-age population) × 100.

C) (number of employed workers ÷ labor force) × 100.

D) (number of employed workers ÷ working-age population) × 100.

E) (number of employed workers ÷ population) × 100.

64) The labor force participation rate is the

A) labor force divided by the working-age population, then multiplied by 100.

B) number of people employed divided by the labor force, then multiplied by 100.

C) labor force divided by the population, then multiplied by 100.

D) discouraged workers divided by the labor force, then multiplied by 100.

E) number of people employed divided by the population, then multiplied by 100.

65) If the number of employed people is 150 million, the number of unemployed people is 50 million, and the working-age population equals 285 million people, the labor force participation rate is

A) 70.2 percent.

B) 81 percent.

C) 17.5 percent.

D) 25 percent.

E) 52.6 percent.

66) If the working-age population is 20 million and labor force is 13 million, the labor force participation rate is

A) 65 percent.

B) 35 percent.

C) 153 percent.

D) 60 percent.

E) impossible to calculate because data on the number of employed workers is needed.

67) Suppose the U.S. population is 275 million. If 210 million people are of working age, 135 million are employed, and 6 million are unemployed, what is the labor force participation rate?

A) 67 percent

B) 76 percent

C) 49 percent

D) 64 percent

E) 51 percent

68) In January of 2001, the population of the United States was 276.8 million, the working-age population was 210.2 million, the total number of people employed was 140, and the total number of people unemployed was 5.0 million. What was the labor force participation rate?

A) 78 percent

B) 56 percent

C) 69 percent

D) 90 percent

E) 67 percent

69) 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) over estimates the number of part-time workers.

D) it does not count part-time workers.

E) counts discouraged workers as employed.

70) 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