8. Which of the following is incorrect?

A.The unemployment rate is computed using the number of unemployment insurance claims filed.

B.Each adult included in the unemployment statistics is classified as employed, unemployed, or not in the labor force.

C. Unemployment numbers include people aged sixteen and older.

D.The Bureau of Labor Statistics gathers data on unemployment and employment.

9. Unemployment data is collected

B.through a regular survey of about 60,000 households.

A.from unemployment insurance claims.

C. through a regular survey of about 200,000 firms.

D.Unemployment data is collected using all of the above.

10. Which list includes all the categories into which the BLS divides the adult population?

C. employed, unemployed, or not in the labor force

B.discouraged workers, employed, or unemployed

D.discouraged workers, employed, or not in the labor force

11. The labor force equals the

C. number of people employed plus the number of people unemployed.

A.number of people who are employed.

B.number of people who are unemployed.

12. Who of the following would be counted as unemployed according to official statistics?

A.Shasta, who is waiting for her new job to start

B.Mary, who worked only 35 hours last week

C. Karen, who neither has a job nor is looking for one

D.None of the above would be counted as unemployed.

13. Which of the following would be counted as unemployed according to official statistics?

B.Kate, who is on temporary layoff

A.Brian, a full-time student who is not looking for work

C. Heath, who has retired and is not looking for work

D.All of the above would be counted as unemployed.

14. Who would not be included in the labor force?

B.Mike, who has retired and is not looking for work

A.Jay, who is on temporary layoff

C. Jane, who does not have a job, but has applied for several in the last week

D.None of the above are included in the labor force.

15. Who would be included in the labor force?

C. Cody, who does not have a job, but is looking for work

B.Tiffffany, a full-time student not looking for work

D.None of the above are included in the labor force.

16. Who would be included in the labor force?

D.All of the above are included in the labor force.

A.Karen, who works most of the week in a steel factory

B.Beth, who is waiting for her new job at the bank to start

C. Dave, who does not have a job, but is looking for work

17. Who would be included in the labor force?

A.Derrick, who is waiting for his new job to start

B.Brett, who has become discouraged looking for a job and has quit looking for awhile

D.None of the above would be included in the labor force.

18. Sally is on a temporary layoff from the factory where she makes plastic tableware. If Sally participates in the BLS survey, she will be classified as

A.unemployed and in the labor force.

B.unemployed and out of the labor force.

C. employed and in the labor force.

D.employed and out of the labor force.

19. Which of the following correctly ranks categories from smallest to largest according to recent U.S. values?

B.unemployed, not in labor force, employed

A.unemployed, employed, not in labor force

C. not in labor force, employed, unemployed

D.not in labor force, unemployed, employed

20. A person who is counted as unemployed by the BLS is

B.must be looking for work or on temporary layoff.

21. A college student who is not working or looking for a job is counted as

A.neither employed nor part of the labor force.

B.unemployed and in the labor force.

C. unemployed, but not in the labor force.

D.employed and in the labor force.

22. Latoya, a homemaker who works as a volunteer at the local Red Cross and is currently not looking for a job, is counted as

A.employed and in the labor force.

B.unemployed and in the labor force.

C. unemployed and not in the labor force.

23. The BLS defines the unemployment rate as the percentage of

B.labor force that is unemployed.

A.those unemployed relative to the percentage employed.

C. adult population that is unemployed.

D.labor force without fulltime employment.

24. The unemployment rate is computed as the number of unemployed

A.divided by the labor force times 100.

B.divided by the number of people employed times 100.

C. divided by the adult population times 100.

D.times the participation rate times 100.

25. Which of the following definitions is correct?

C. Unemployment Rate = (number of unemployed/ [number of employed + number of unemployed]) x 100.

A.Labor force = number of employed.

B.Labor force = population – number of unemployed.

D.Unemployment Rate = (number of unemployed /adult population) x 100.

26. The labor-force participation rate measures the percentage of the

A.total adult population that is in the labor force.

B.total adult population that is employed.

C. labor force that is employed.

D.labor force that is either employed or unemployed.

27. The labor-force participation rate is defined as

C. (Labor Force /Adult Population) x 100.

A.(employed /Adult Population) x 100.

B.(employed /Labor Force) x´ 100.

D.(Adult Population /Labor Force) x 100.

32. Rick loses his job and immediately begins looking for another. Ceteris paribus, the unemployment rate

B.increases, and the labor-force participation rate is unaffected.

A.increases, and the labor-force participation rate decreases.

C. is unaffected, and the labor-force participation rate increases.

D.decreases, and the labor-force participation rate is unaffected.

33. Matt loses his job and decides to sit around at home for a few months. Ceteris paribus, the unemployment rate

D.decreases, and the labor-force participation rate decreases.

A.increases, and the labor-force participation rate is unaffected.

B.increases, and the labor-force participation rate increases.

C. decreases, and the labor-force participation rate increases.

34. Anna has just finished school and started looking for a job, but has not yet found one. As a result, the unemployment rate

B.increases, and the labor-force participation rate increases.

A.increases, and the labor-force participation rate is unaffected.

C. is unaffected, and the labor-force participation rate increases.

D.increases, and the labor-force participation rate decreases.

35. Tara has just finished school, but she is going to roam around the country awhile before she starts looking for work. As a result, the unemployment rate

B. is unaffected, and the labor-force participation rate is unaffected

A.increases, and the labor-force participation rate increases.

C. increases, and the labor-force participation rate decreases.

D. increases, and the labor-force participation rate is unaffected.

37. President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. You conclude that

D.both of them could be telling the truth if the labor force grew faster than employment.

B.both of them could be telling the truth if the labor force participation rate and the labor force both fell.

C. both of them could be telling the truth if the labor force grew slower than employment.

38. Which group has the highest labor-force participation rate?

D.There are no signifificant differences in participation rates across these groups.

40. Which of the following is correct for people ages 20 and over?

D.Women have lower rates of labor-force participation and similar unemployment rates compared to those of men.

A.Men have lower rates of labor-force participation and similar unemployment rates compared to women.

B.Men have lower rates of labor-force participation and higher rates of unemployment than do women.

C. Women have lower rates of labor-force participation and higher rates of unemployment compared to those of men.

41. Which of the following is correct for people ages 20 and over?

D.Blacks have similar rates of labor-force participation and higher unemployment rates than those of whites.

A.Blacks have higher rates of labor-force participation and lower unemployment rates than those of whites.

B.Blacks have higher rates of labor-force participation and higher unemployment rates than those of whites.

C. Blacks have similar rates of labor-force participation and lower unemployment rates than those of whites.

42. Which of the following is correct?

B.Adults have higher labor-force participation rates and lower unemployment rates than do teenagers.

A.Adults have higher labor-force participation rates and higher unemployment rates than do teenagers.

C. Adults have lower labor-force participation rates and lower unemployment rates than do teenagers.

D.Adults have lower labor-force participation rates and higher unemployment rates than do teenagers.

47. Since World War II, the labor-force participation rate

B.increased for women and decreased for men.

A.has increased for both men and women.

C. has decreased for both men and women.

D.decreased for women and increased for men.

50. The decrease in labor-force participation rates among U.S. men since World War II can be attributed to

A.longer schooling, an increase in stay-at-home dads, and earlier retirement and longer lives.

B.longer lives, laws that prevent mandatory retirement, and an increase in stay-at-home dads.

C. better unemployment insurance, laws that prevent mandatory retirement, and laws that prevent age discrimination in hiring.

D.easier job searches, better training, and laws that prevent mandatory retirement and age discrimination in hiring.

52. If an unemployed person quits looking for work, ceteris paribus, the unemployment rate

B.decreases, and the participation rate decreases

A.decreases, and the participation rate increases

C. stays the same, and the participation rate decreases

D.and the labor force participation rate stay the same.

57. Some people who are employed or who are not making serious effort to find employment will report themselves as unemployed. Some people who want to find work will be counted as out of the labor force.

C. The first fact tends to make the reported unemployment rate higher than the actual unemployment rate. The second fact tends to make the reported unemployment rate lower than the actual rate.

A.Both the first and the second fact tend to make the reported unemployment rate lower than the actual unemployment rate.

B.Both the first and the second fact tend to make the reported unemployment rate higher than the actual unemployment rate.

D.The first fact tends to make the reported unemployment rate lower than the actual unemployment rate. The second fact tends to make the reported unemployment rate higher than the actual rate.

58. Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed,

D.the unemployment rate would be lower and the labor-force participation rate would be unaffected.

A.both the unemployment rate and labor-force participation rate would be higher.

B.both the unemployment rate and labor-force participation rate would be lower.

C. the unemployment rate would be higher and the labor-force participation rate would be higher.

59. Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. If these individuals were counted as out of the labor force instead of as unemployed,

B.both the unemployment rate and labor-force participation rate would be lower.

A.both the unemployment rate and labor-force participation rate would be higher.

C. the unemployment rate would be lower and the labor-force participation rate would be higher.

D.the unemployment rate would be higher and the participation rate would be lower.

60. Some people are counted as out of the labor force because they have made no serious or recent effort to look for work. However, some of these people may want to work even though they are too discouraged to make a serious effort to look for work. If these persons were counted as unemployed instead of out of the labor force,

A.both the unemployment rate and labor-force participation rate would be higher.

B.the unemployment rate would be higher and the labor-force participation rate would be lower.

C. the unemployment rate would be lower and the labor-force participation rate would be higher.

61. Discouraged workers

B.are counted as part of the adult population, but not as part of the labor force.

A.are not counted either as part of the adult population or as part of the labor force.

C. are counted as part of the adult population, and as unemployed.

62. Consider two people who are currently out of work. Deb is not currently looking for work but would like a job. Although she is not currently searching for work, she has done so at some time in the recent past. Ted is not looking for work, because he doesn’t think there are jobs that he would qualify for available. The BLS considers

B.only Ted to be a discouraged worker.

A.both Deb and Ted to be discouraged workers.

C. only Deb to be a discouraged worker.

D.Neither Deb nor Ted to be discouraged workers.

63. Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives and he doesn’t think it likely that he will find work. Bev is not currently looking for work, but she would like a job. While she hasn’t looked for work for sometime, she has looked for work in the past. The BLS considers

A.both Tim and Bev to be marginally attached workers.

B.neither Tim nor Bev to be marginally attached workers.

C. only Tim to be a marginally attached worker.

D.only Bev to be a marginally attached worker.

64. Marginally attached workers are people who

B.are not working and are not looking for work, but would work if askeD.

A.are looking for a better job than they currently have.

C. are working part-time while they go to school or get training for a better job.

D.are only a few years from retirement.

70. The unemployment rate reported by the BLS is likely to be

D.It could be higher or lower than the actual unemployment rate. We can’t be certain.

A.somewhat higher than the actual unemployment rate.

B.somewhat lower than the actual unemployment rate.

C. pretty close to the actual unemployment rate.

71. The reported unemployment rate should be viewed as

A.a useful but imperfect measure of joblessness.

B.clearly smaller than the true unemployment rate.

C. clearly larger than the true unemployment rate.

D.being very close to the true unemployment rate.

72. Which of the following statements is correct?

A.There is no easy way to fix the unemployment rate as reported by the BLS to make it a more reliable indicator of conditions in the labor market.

B.There are several easy ways economists have identified to fix the reported unemployment rate to make it a more reliable indicator of conditions in the labor market.

C. There is one easy way of fixing the unemployment rate as reported by the BLS to make it a more reliable indicator of conditions in the labor market.

D.Economists have determined that the unemployment rate as reported by the BLS is a perfectly reliable indicator of conditions in the labor market.

73. Which of the following is correct?

C. Most of the currently unemployed have been unemployed a long time.

A.Short-term unemployment is a more serious problem than long-term unemployment.

B.Most spells of unemployment are long term.

Chapter 28 (A)

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C. length of the average workweek.

D.All of the above are correct.

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