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a.therelationbetweentheprobabilityofunemploymentandaworker’schanginglevelofexperience.
b.howoftenaworkerislikelytobeemployedduringherlifetime
c.year-to-yearfluctuationsofunemploymentarounditsnaturalrate.
d.long-termtrendsinunemployment.
3.Cyclicalunemploymentiscloselyassociatedwith
a.long-termeconomicgrowth.
b.short-runupsanddownsoftheeconomy.
c.fluctuationsinthenaturalrateofunemployment.
d.seasonalfluctuationsinspending.
4.Thenaturalrateofunemployment
a.isaconstant.
b.isthedesirablerateofunemployment.
c.cannotbealteredbyeconomicpolicy.
d.Noneoftheabovearecorrect.
5.Whichofthefollowingiscorrect?
a.Somedegreeofunemploymentisinevitable.
b.OtherthingsthesameanincreaseinthenumberofpeoplewhoareunemployeddecreasesrealGDP.
c.Cyclicalunemploymentisinverselyrelatedtoshort-runeconomicfluctuations.
d.Alloftheabovearecorrect.
6.Dataonunemploymentisreported
a.weekly.
b.monthly.
c.quarterly.
d.yearly.
15.1
7.TheBLSproducesdataon
a.unemployment.
b.typesofemployment.
c.lengthoftheaverageworkweek.
8.Whichofthefollowingisincorrect?
a.Theunemploymentrateiscomputedusingthenumberofunemploymentinsuranceclaimsfiled.
b.Eachadultincludedintheunemploymentstatisticsisclassifiedasemployed,unemployed,ornotinthelaborforce.
c.Unemploymentnumbersincludepeopleagedsixteenandolder.
d.TheBureauofLaborStatisticsgathersdataonunemploymentandemployment.
9.Unemploymentdataiscollected
a.fromunemploymentinsuranceclaims.
b.througharegularsurveyofabout60,000households.
c.througharegularsurveyofabout200,000firms.
d.Unemploymentdataiscollectedusingalloftheabove.
10.WhichlistincludesallthecategoriesintowhichtheBLSdividestheadultpopulation?
a.employedorunemployed
b.discouragedworkers,employed,orunemployed
c.employed,unemployed,ornotinthelaborforce
d.discouragedworkers,employed,ornotinthelaborforce
11.Thelaborforceequalsthe
a.numberofpeoplewhoareemployed.
b.numberofpeoplewhoareunemployed.
c.numberofpeopleemployedplusthenumberofpeopleunemployed.
d.adultpopulation.
12.Whoofthefollowingwouldbecountedasunemployedaccordingtoofficialstatistics?
a.Shasta,whoiswaitingforhernewjobtostart
b.Mary,whoworkedonly35hourslastweek
c.Karen,whoneitherhasajobnorislookingforone
d.Noneoftheabovewouldbecountedasunemployed.
13.Whichofthefollowingwouldbecountedasunemployedaccordingtoofficialstatistics?
a.Brian,afull-timestudentwhoisnotlookingforwork
b.Kate,whoisontemporarylayoff
c.Heath,whohasretiredandisnotlookingforwork
d.Alloftheabovewouldbecountedasunemployed.
14.Whowouldnotbeincludedinthelaborforce?
a.Jay,whoisontemporarylayoff
b.Mike,whohasretiredandisnotlookingforwork
c.Jane,whodoesnothaveajob,buthasappliedforseveralinthelastweek
d.Noneoftheaboveareincludedinthelaborforce.
15.Whowouldbeincludedinthelaborforce?
a.Holly,anunpaidhomemaker
b.Tiffany,afull-timestudentnotlookingforwork
c.Cody,whodoesnothaveajob,butislookingforwork
16.Whowouldbeincludedinthelaborforce?
a.Karen,whoworksmostoftheweekinasteelfactory
b.Beth,whoiswaitingforhernewjobatthebanktostart
c.Dave,whodoesnothaveajob,butislookingforwork
d.Alloftheaboveareincludedinthelaborforce.
17.Whowouldbeincludedinthelaborforce?
a.Derrick,whoiswaitingforhisnewjobtostart
b.Brett,whohasbecomediscouragedlookingforajobandhasquitlookingforawhile
c.Homer,anunpaidhomemaker
d.Noneoftheabovewouldbeincludedinthelaborforce.
18.Sallyisonatemporarylayofffromthefactorywhereshemakesplastictableware.IfSallyparticipatesintheBLSsurvey,shewillbeclassifiedas
a.unemployedandinthelaborforce.
b.unemployedandoutofthelaborforce.
c.employedandinthelaborforce.
d.employedandoutofthelaborforce.
19.WhichofthefollowingcorrectlyrankscategoriesfromsmallesttolargestaccordingtorecentU.S.values?
a.unemployed,employed,notinlaborforce
b.unemployed,notinlaborforce,employed
c.notinlaborforce,employed,unemployed
d.notinlaborforce,unemployed,employed
20.ApersonwhoiscountedasunemployedbytheBLSis
a.alsointhelaborforce.
b.mustbelookingforworkorontemporarylayoff.
c.beage16orover.
21.Acollegestudentwhoisnotworkingorlookingforajobiscountedas
a.neitheremployednorpartofthelaborforce.
b.unemployedandinthelaborforce.
c.unemployed,butnotinthelaborforce.
d.employedandinthelaborforce.
22.Latoya,ahomemakerwhoworksasavolunteeratthelocalRedCrossandiscurrentlynotlookingforajob,iscountedas
a.employedandinthelaborforce.
c.unemployedandnotinthelaborforce.
d.notinthelaborforce.
23.TheBLSdefinestheunemploymentrateasthepercentageof
a.thoseunemployedrelativetothepercentageemployed.
b.laborforcethatisunemployed.
c.adultpopulationthatisunemployed.
d.laborforcewithoutfulltimeemployment.
24.Theunemploymentrateiscomputedasthenumberofunemployed
a.dividedbythelaborforcetimes100.
b.dividedbythenumberofpeopleemployedtimes100.
c.dividedbytheadultpopulationtimes100.
d.timestheparticipationratetimes100.
25.Whichofthefollowingdefinitionsiscorrect?
a.Laborforce=numberofemployed.
b.Laborforce=population–numberofunemployed.
c.UnemploymentRate=(numberofunemployed[numberofemployed+numberofunemployed])100.
d.UnemploymentRate=(numberofunemployedadultpopulation)100.
c.UnemploymentRate=(numberofunemployed[numberofemployed+numberofunemployed]100.
26.Thelabor-forceparticipationratemeasuresthepercentageofthe
a.totaladultpopulationthatisinthelaborforce.
b.totaladultpopulationthatisemployed.
c.laborforcethatisemployed.
d.laborforcethatiseitheremployedorunemployed.
2SECTION:
27.Thelabor-forceparticipationrateisdefinedas
a.(EmployedAdultPopulation)100.
b.(EmployedLaborForce)100.
c.(LaborForceAdultPopulation)100.
d.(AdultPopulationLaborForce)100.
28.Afewyearsago,basedonconceptssimilartothoseusedtoestimateU.S.employmentfigures,theCanadianadultnon-institutionalizedpopulationwas24million,thelaborforcewas16million,andthenumberofpeopleemployedwas14million.Accordingtothesenumbers,theCanadianlabor-forceparticipationra