The labor force and the unemployment rate are calculated by:
U5L2 HW Econ: Unemployment -

Quiz
•
Business
•
9th Grade
•
Medium
Darek Tillman
Used 1+ times
FREE Resource
35 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Counting only employed individuals.
Counting both employed and unemployed individuals actively seeking work.
Counting only unemployed individuals.
Counting all adults regardless of employment status.
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The three types of unemployment are:
Frictional, Structural, and Cyclical
Seasonal, Permanent, and Temporary
Voluntary, Involuntary, and Seasonal
Natural, Artificial, and Temporary
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Why is full employment not considered to be 0% unemployment?
Because some unemployment is always present due to frictional and structural factors.
Because everyone is always employed at full employment.
Because 0% unemployment is impossible in any economy.
Because full employment means no one is looking for a job.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Unemployment is measured by:
The number of people employed
The number of people not in the labor force
The number of people actively seeking work but unable to find a job
The total population
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is NOT a requirement to be in the labor force?
At least 16 years old
Able and willing to work
Not institutionalized (in jails or hospitals)
In the military
Not in school full time or retired
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
According to the table 'Civilian unemployment rate, seasonally adjusted,' which demographic had the highest unemployment rate in Feb 2024?
Men, 20 years and over
Women, 20 years and over
16 to 19 years old
Asian
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
According to the table 'Civilian unemployment rate, seasonally adjusted,' fill in the blank: The unemployment rate for Asian individuals in Mar 2024 was ___
2.6
3.8
4.5
1.9
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