Econ-5.2 Part 1 Formative Assessment- Options 1

Multiple Choice

Which of the following groups is NOT included in the Total Non-Institutional Civilian Population?

• People aged 16 and older who are in jail

• People aged 16 and older who are not in the military

• People aged 16 and older who are retired

• People aged 16 and older who are stay-at-home parents

Audio Response

Provide an audio response to the prompt given by clicking on the button below.

Prompt: Identify the reason why the following statement is false/incomplete:

The 1 way a person can be considered employed is if they work at least 1 hour a week for pay.

Open Audio Recorder

Multiple Choice

Which of the following individuals is considered unemployed?

• A full-time college student

• A retired individual

• A person who is jobless, actively looking for a job, and available for work

• A stay-at-home parent

Fill in the Blanks

Which type of unemployment is not present when the economy is at Full Employment?

Fill in the Blanks

What is the Full Employment Rate (Unemployment Goal Rate) for the US?

Fill in the Blanks

Frictional Unemployment is made up of "

" who choose to leave one job in search of a better job with a different company or in a different location.

Fill in the Blanks

Frictional Unemployment is typically a

-term type of unemployment and also includes new entrants into the labor force, such as recent high school & college grads, and those re-entering the labor force, such as a stay-at-home parent who starts looking for a job after their kids get older.

Fill in the Blanks

Structural Unemployment is most often caused by

advances in an industry.

Fill in the Blanks

Structural Unemployment can also be caused by employers re-locating production (factories) to

.

Fill in the Blanks

Cyclical Unemployment is made up of "

" left unemployed because of an economic slowdown in the economy.

Fill in the Blanks

A fall in demand for all goods & services in an economy can lead to a decline in spending, forcing businesses across the economy to

some or all of their employees, creating cyclical unemployment.

Drag and Drop

For each of the following scenarios, classify the worker as employed, unemployed, out of the labor force, of NOT in the Total Civilian Non-Instutionalized Population.

If the worker is unemployed, classify his or her type of unemployment



1. Peter lost his job at a stereo manufacturing company at the end of last year.  He actively searched for a job for six months without finding one.  Now, Peter has given up looking altogether.

Classification:​

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2.   Kevin is 14 years old and cannot find a job for the summer, although he has been looking for 8 weeks.

Classification: ​ NOT in the Total Civilian Non-Instutionalized Population
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3. Samantha is a magazine editor.  She has chosen to leave her job in New York to look for a new one in Minneapolis.

Classification: ​
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4. Sam I. Am was laid off after orders of Green Eggs and Ham declined greatly following a severe economic slowdown.

Classification: ​
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5. Margaret was fired from her job at the peanut butter factory because she is being replaced by a highly efficient peanut butter machine.  She has yet to find a similar job.

Classification: ​
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Drag these tiles and drop them in the correct blank above

Not in the labor Force

Unemployed- Frictional Unemployment

Unemployed- Cyclical Unemployment

Unemployed- Structional Unemployment

NOT in the Total Non-Institutionalize Population

Unemployed- Seasonal Unemployment

Dropdown

Identify each of the following examples as either a Discouraged Worker or an Underemployed Worker.

1. Maria has been jobless for over a year. She has been actively looking for a job but has found no opportunities that match her skills as a graphic designer. She has now stopped looking for employment. ​

Select answer

2. Sarah has a master's degree in engineering but is currently working as a barista at a coffee shop because she couldn't find a job in her field. She is working part-time and desires a full-time engineering job.​

Select answer

3. John has a bachelor's degree in marketing and several years of experience. He is currently working as a receptionist at a small company. Although he is working full-time, he is overqualified for the position and is seeking a more suitable role in marketing.​

Select answer

4. David was laid off from his manufacturing job eight months ago. After months of unsuccessful job applications and interviews, he has given up on his job search, feeling that there are no suitable positions available for him in his local area.​

Select answer