57) Using the data in the above table, the labor force is
A) 140.0 million.
B) 152.1 million.
C) 154.2 million.
D) 250.0 million.
E) 127.9 million.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
58) Using the data in the above table, the unemployment rate is
A) 9.3 percent.
B) 8.6 percent.
C) 8.0 percent.
D) 4.8 percent.
E) 4.6 percent.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
59) Using the data in the above table, the labor force participation rate is
A) 60.8 percent.
B) 56 percent.
C) 4.8 percent.
D) 61.6 percent.
E) 64.4 percent.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
60) From the table above, which gives data about the U.S. labor market in 1933, the labor
force is
21
A) 48 million.
B) 60 million.
C) 65 million.
D) 100 million.
E) 12 million.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
61) From the table above, which gives data about the U.S. labor market in 1933, the labor
force participation rate is
A) 12 percent.
B) 48 percent.
C) 60 percent.
D) 95 percent.
E) 65 percent.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
62) From the table above, which gives data about the U.S. labor market in 1933, the
unemployment rate is
A) 2 percent.
B) 18 percent.
C) 20 percent.
D) 25 percent.
E) 35 percent.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
22
63) If the working age population ________ and the labor force does not change, the
________.
A) increases; labor force participation rate will increase
B) increases; labor force participation rate will decrease
C) increases; unemployment rate will increase
D) decreases; unemployment rate will increase
E) decreases; labor force will increase
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
64) The labor force participation rate is equal to
A) (labor force ÷ population) × 100.
B) (labor force ÷ working-age population) × 100.
C) (number of employed workers ÷ labor force) × 100.
D) (number of employed workers ÷ working-age population) × 100.
E) (number of employed workers ÷ population) × 100.
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
65) The labor force participation rate is the
A) labor force divided by the working-age population, then multiplied by 100.
B) number of people employed divided by the labor force, then multiplied by 100.
C) labor force divided by the population, then multiplied by 100.
D) discouraged workers divided by the labor force, then multiplied by 100.
E) number of people employed divided by the population, then multiplied by 100.
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
23
66) If the number of employed people is 150 million, the number of unemployed people is
50 million, and the working-age population equals 285 million people, the labor force
participation rate is
A) 70.2 percent.
B) 81 percent.
C) 17.5 percent.
D) 25 percent.
E) 52.6 percent.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
67) If the working-age population is 20 million and labor force is 13 million, the labor force
participation rate is
A) 65 percent.
B) 35 percent.
C) 153 percent.
D) 60 percent.
E) impossible to calculate because data on the number of employed workers is needed.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
68) Suppose the U.S. population is 275 million. If 210 million people are of working age,
135 million are employed, and 6 million are unemployed, what is the labor force
participation rate?
A) 67 percent
B) 76 percent
C) 49 percent
D) 64 percent
E) 51 percent
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
24
69) In January of 2001, the population of the United States was 276.8 million, the working-
age population was 210.2 million, the total number of people employed was 140 million,
and the total number of people unemployed was 5.0 million. What was the labor force
participation rate?
A) 78 percent
B) 56 percent
C) 69 percent
D) 90 percent
E) 67 percent
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Analytical thinking
70) In August of 2013, the number of employed persons in the United States was 144.2
million, the number of unemployed persons was 11.3 million, and the number of persons
not in the labor force was 90.5 million. What was the labor force in August of 2013?
A) 53.7 million
B) 144.2 million
C) 155.5 million
D) 132.9 million
E) There is not enough information to answer this question.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: New
AACSB: Relective thinking
71) In August of 2013, the number of employed persons in the United States was 144.2
million, the number of unemployed persons was 11.3 million, and the number of persons
not in the labor force was 90.5 million. What was the unemployment rate in August of
2013?
A) 7.3%
B) 7.8%
C) 12.4%
D) 8.5%
E) There is not enough information to answer this question.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: New
AACSB: Relective thinking
25
72) In August of 2013, the number of employed persons in the United States was 144.2
million, the number of unemployed persons was 11.3 million, and the number of persons
not in the labor force was 90.5 million. What was the working-age population in August of
2013?
A) 155.5 million
B) 234.7 million
C) 246.0 million
D) 101.8 million
E) There is not enough information to answer this question.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: New
AACSB: Relective thinking
73) In August of 2013, the number of employed persons in the United States was 144.2
million, the number of unemployed persons was 11.3 million, and the number of persons
not in the labor force was 90.5 million. What was the labor force participation rate in
August of 2013?
A) 92.7%
B) 63.2%
C) 58.2%
D) 58.6%
E) There is not enough information to answer this question.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: New
AACSB: Relective thinking
74) If half of all unemployed individuals suddenly gave up looking for work, the
unemployment rate would ________ and the labor force participation rate would ________.
A) decrease; decrease
B) decrease; increase
C) increase; decrease
D) increase; increase
E) There is not enough information to answer this question.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: New
AACSB: Relective thinking
26
75) A weakness that could be noted about the unemployment rate is that it
A) does not account for the underutilization of workers.
B) considers marginally attached workers as unemployed.
C) overestimates the number of part-time workers.
D) does not count part-time workers.
E) counts discouraged workers as employed.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
76) A marginally attached worker
i. does not have a job and has not looked for one in the last month.
ii. is available and willing to work.
iii. must work at least 1 hour per week.
A) iii only
B) ii only
C) ii and iii
D) i and ii
E) i only
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
77) A marginally attached worker is
A) a person who is not happy with his or her job.
B) someone who works part-time more than 25 hours per week but wants full-time work.
C) someone who does not have a job but is available and willing to work and has made
speciic but unsuccessful eforts to ind a job during the past 4 weeks.
D) someone who does not have a job but is available and willing to work but has not made
speciic eforts to ind a job during the past 4 weeks.
E) another name for an unemployed worker.
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
27
78) A marginally attached worker is
A) a worker who is unhappy at his or her job.
B) a worker who is looking for a job but can’t ind one.
C) a worker who does not have a job and is available and wants one but has not made any
eforts to ind a job within the previous four weeks.
D) a person who only works part time but wants full-time work.
E) counted as unemployed in the oicial labor market statistics.
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
79) Which of the following would be considered a marginally attached worker?
i. Amy, who is working 20 hours per week at her father’s business
ii. Carl, who isn’t working and has not looked for work in 3 months because he has been
turned down for work when he last looked
iii. Keke, who quit her job to take care of her daughter
A) ii only
B) i and ii
C) ii and iii
D) i only
E) i, ii, and iii
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
80) Suppose that Mel (who is 27) is not working, but looked for a job as recently as 2
months ago. Mel would like a job and he is available for work. He is considered
A) unemployed.
B) a member of the labor force and unemployed.
C) a member of the labor force, but not unemployed.
D) a member of the working-age population
E) a marginally attached worker.
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
28
81) Which of the following would be considered a marginally attached worker?
i. Lou, who worked 15 hours unpaid at her mother’s store last month
ii. Sylvia, who is not working and hasn’t looked for work in 3 months
iii. Meredith, who is no longer working after taking early retirement from her employer.
A) i and iii
B) i and ii
C) i only
D) ii only
E) i, ii and iii
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
82) Andrew is not working, but is available and willing to work after inishing a month-long
mission trip for his church. While on his mission, Andrew did not look for work. Andrew is
considered
A) unemployed.
B) part of the labor force.
C) a marginally attached worker.
D) a discouraged worker.
E) Both answers A and B are correct.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
83) People who are willing and able to work but are not looking for work because they have
been discouraged by their previous futile eforts are called
A) unemployed workers.
B) discouraged workers.
C) unhappy workers.
D) involuntarily unemployed.
E) part-time lookers.
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
29
84) Discouraged workers who are over 16 years old are
i. not counted as unemployed.
ii. part of the working-age population.
iii. part of the labor force.
A) i only
B) ii only
C) i and ii
D) ii and iii
E) i, ii, and iii
Skill: Level 1: Deinition
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
85) Discouraged workers are included in the calculation of the
i. unemployment rate.
ii. labor force participation rate.
iii. working-age population.
A) i only
B) ii only
C) i and ii
D) iii only
E) ii and iii
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
86) Discouraged workers
A) would decrease the unemployment rate if they were added to the number of unemployed
workers.
B) would increase unemployment rate if they were added to the number of unemployed
workers.
C) are counted as one-half of a worker in the unemployment statistics.
D) are counted as unemployed workers when the unemployment rate is calculated.
E) are not included in the calculation of the unemployment rate, the labor force, or the
working-age population.
Skill: Level 2: Using deinitions
Section: Checkpoint 6.1
Status: Old
AACSB: Relective thinking
30