48) If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, how many workers are in the labor force?
A) 1 million
B) 20 million
C) 475 million
D) 481 million
49) Which of the following describes actual trends in the U.S. labor force participation rate?
A) The labor force participation rate of adult men has risen since 1950.
B) The labor force participation rate of adult women has fallen since 1950.
C) The labor force participation rate of adult men not in school, but too young to retire has risen since 1950.
D) The labor force participation rate of adult women has risen since 1950.
E) The labor force participation rate of all adults has fallen since 1950.
50) What impact would including members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor force participation rate?
A) Including members of the military would increase the unemployment rate and reduce the labor force participation rate.
B) Including members of the military would reduce the unemployment rate and increase the labor force participation rate.
C) Including the military would increase both the unemployment rate and the labor force participation rate.
D) Including the military would reduce both the unemployment rate and the labor force participation rate.
51) Following the recession of 2007-2009, the employment-population ratio
A) remained virtually unchanged for the next 36 months.
B) was even lower four years after the end of the recession.
C) began to slowly increase back to its pre-recession level.
D) began to quickly increase back to its pre-recession level.
52) Jack was unemployed two weeks ago but just started a new job. As a result of this increase in the number of employed workers, which of the following occurred?
A) The labor force participation rate increased.
B) The unemployment rate increased.
C) The labor force participation rate decreased.
D) The unemployment rate decreased.
53) Jack just received a promotion at work and now works 50 hours per week instead of 35. As a result,
A) the unemployment rate increased.
B) the unemployment rate decreased.
C) the labor force participation rate increased.
D) neither the unemployment rate nor the labor force participation rate changed.
54) For the last few decades, the labor force participation rates of men have ________, and the labor force participation rates of women have ________.
A) risen; risen
B) fallen; fallen
C) risen; fallen
D) fallen; risen
55) Counting part-time workers who are looking for full-time work as employed overstates the degree of joblessness in the economy.
56) In the United States, the typical person who has lost his or her job finds another one in a few months except during severe recessions.
57) The labor force participation rates of women have rapidly increased since 1948.
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