Module 12

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The Calculation of Unemployment - Practice Quiz

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12th grade

unemployment

macroeconomics

24 veces realizada

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Zachary Foust

Estados Unidos

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Module 12Versión en línea The Calculation of Unemployment - Practice Quiz por Zachary Foust 1 Which of the following statements is true? a The unemployment rate overstates unemployment because it excludes discouraged workers and the underemployed. b The unemployment rate understates unemployment because it excludes discouraged workers and the underemployed. c The unemployment rate understates unemployment because it includes discouraged workers and the underemployed. 2 Which of the following individuals is considered unemployed? a Adam has given up looking for work, and he does not plan to look for work in the near future. b Milton is working reduced hours, but he would like to become a full-time employee again. c John was recently laid off from his job, and he is looking for a new one. 3 Use the information in the table to calculate the unemployment rate. a 10 percent b 20 percent c 25 percent 4 Use the information in the table to calculate the unemployment rate. a 10 percent b 20 percent c 50 percent 5 Use the information in the table to calculate the unemployment rate. a 5 percent b 10 percent c 50 percent 6 Use the information in the table to calculate the labor force participation rate. a 50 percent b 66.7 percent c 75 percent 7 Use the information in the table to calculate the labor force participation rate. a 38.9 percent b 50 percent c 22.2 percent 8 Use the information in the table to calculate the labor force participation rate. a 80 percent b 60 percent c 70 percent 9 Use the information in the table to calculate the size of the labor force. a 200,000 b 140,000 c 150,000 10 Use the information in the table to calculate the number of unemployed. a 25,000 b 75,000 c 50,000 Feedback 1 The unemployment rate does not fully count everyone who is dissatisfied with the job market. Discouraged workers would often like to work, but they have given up looking for a job because they believe that none exist. Since they are not looking for a job, they are not counted as unemployed. The underemployed would like to have longer hours or a better job. Since they have a job, they are not counted as unemployed. 2 In order to be considered unemployed, a person must be actively looking for a job and not working. Adam is an example of a discouraged worker. He has given up looking for a job, so he is not counted as unemployed. Milton is an example of an underemployed worker. Even though he would like to work more, he is counted as employed because he has a job. John is both jobless and looking for a job, so he counts as unemployed. 3 Unemployment rate = (unemployed/labor force) 4 Unemployed = Labor force - employed; Unemployment rate = (unemployed/labor force) 5 Employed = Full time workers + part time workers; Unemployed = Labor force - employed; Unemployment rate = (unemployed/labor force) 6 Labor force participation rate = (labor force/population age 16 and older) 7 Labor force = employed + unemployed; Labor force participation rate = (Labor force/population age 16 and older) 8 Employed = full time workers + part time workers; Labor force = employed + unemployed; Labor force participation rate = (labor force/population age 16 and older) 9 Employed = full time workers + part time workers; Labor force = employed + unemployed 10 Unemployed = Labor force - employed

Module 12Versión en línea

The Calculation of Unemployment - Practice Quiz

Which of the following statements is true?

The unemployment rate overstates unemployment because it excludes discouraged workers and the underemployed.

The unemployment rate understates unemployment because it excludes discouraged workers and the underemployed.

The unemployment rate understates unemployment because it includes discouraged workers and the underemployed.

Which of the following individuals is considered unemployed?

Adam has given up looking for work, and he does not plan to look for work in the near future.

Milton is working reduced hours, but he would like to become a full-time employee again.

John was recently laid off from his job, and he is looking for a new one.

Use the information in the table to calculate the unemployment rate.

10 percent

20 percent

25 percent

Use the information in the table to calculate the unemployment rate.

10 percent

20 percent

50 percent

Use the information in the table to calculate the unemployment rate.

5 percent

10 percent

50 percent

Use the information in the table to calculate the labor force participation rate.

50 percent

66.7 percent

75 percent

Use the information in the table to calculate the labor force participation rate.

38.9 percent

50 percent

22.2 percent

Use the information in the table to calculate the labor force participation rate.

80 percent

60 percent

70 percent

Use the information in the table to calculate the size of the labor force.

200,000

140,000

150,000

Use the information in the table to calculate the number of unemployed.

25,000

75,000

50,000

Feedback

The unemployment rate does not fully count everyone who is dissatisfied with the job market. Discouraged workers would often like to work, but they have given up looking for a job because they believe that none exist. Since they are not looking for a job, they are not counted as unemployed. The underemployed would like to have longer hours or a better job. Since they have a job, they are not counted as unemployed.

In order to be considered unemployed, a person must be actively looking for a job and not working. Adam is an example of a discouraged worker. He has given up looking for a job, so he is not counted as unemployed. Milton is an example of an underemployed worker. Even though he would like to work more, he is counted as employed because he has a job. John is both jobless and looking for a job, so he counts as unemployed.

Unemployment rate = (unemployed/labor force)

Unemployed = Labor force - employed; Unemployment rate = (unemployed/labor force)

Employed = Full time workers + part time workers; Unemployed = Labor force - employed; Unemployment rate = (unemployed/labor force)

Labor force participation rate = (labor force/population age 16 and older)

Labor force = employed + unemployed; Labor force participation rate = (Labor force/population age 16 and older)

Employed = full time workers + part time workers; Labor force = employed + unemployed; Labor force participation rate = (labor force/population age 16 and older)

Employed = full time workers + part time workers; Labor force = employed + unemployed

Unemployed = Labor force - employed

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Module 12Versión en línea

por Zachary Foust

Which of the following statements is true?

Which of the following individuals is considered unemployed?

Use the information in the table to calculate the unemployment rate.

Use the information in the table to calculate the unemployment rate.

Use the information in the table to calculate the unemployment rate.

Use the information in the table to calculate the labor force participation rate.

Use the information in the table to calculate the labor force participation rate.

Use the information in the table to calculate the labor force participation rate.

Use the information in the table to calculate the size of the labor force.

Use the information in the table to calculate the number of unemployed.

Feedback