Unemployment 6833
67.
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
a.
one of them must be lying.
b.
both of them could be telling the truth if the labor force, and employment grew at the exact
same rate.
c.
both of them could be telling the truth if the labor force grew slower than employment.
d.
both of them could be telling the truth if the labor force grew faster than employment.
68.
Suppose that a well-respected study published in Child Psychology Today finds that a very high
proportion of
children raised by stay-at–home fathers are accepted to Harvard University. If a
large number of previously
working fathers quit their jobs and become stay-at-home dads, which
of the following will occur, all else equal?
(i)
The unemployment rate will decrease.
(ii)
The size of the labor force will decrease.
(iii)
The number of unemployed people will increase.
(iv)
The unemployment rate will increase.
a.
(i) and (ii) only
b.
(ii) and (iv) only
c.
(i), (ii), and (iii) only
d.
(ii), (iii), and (iv) only
69.
All else equal, which of the following would increase the unemployment rate?
(i)
an increase in the number of women who return to work after being stay-at-home
mothers
(ii)
a preference among older men to retire early
(iii)
an increase in the maximum number of weeks for which someone can receive
government unemployment benefits
(iv)
an increase in the number of previously unemployed women who stop looking for work
and become discouraged workers
a.
(i) and (ii) only
b.
(iii) only
c.
(ii) and (iii) only
d.
(ii), (iii), and (iv) only
70.
Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is
a.
always zero.
b.
sometimes zero.
c.
rarely zero.
d.
never zero.
71.
In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, a labor
force of 154
million and employment of 141.6 million. Based on these numbers the unemployment
rate was
a. 93.3/234.9.
b.
12.4/234.9.
c.
93.3/154.
d. 12.4/154.
72.
In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million,
unemployment of 12.4
million, and employment of 141.6 million. Based on these numbers the
labor-force participation rate was
a.
154/234.9.
b.
141.6/234.9.
c. 141.6/154.
d. None of the above is correct.
73.
In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3
million. Of these, 22.7
million were employed and 1.4 million were unemployed. Based on these
numbers what were the unemployment
rate and the labor-force participation rate of the foreign-
born U.S. population?
a.
1.4/35.3 and 22.7/35.3
b.
1.4/35.3 and 24.1/35.3
c. 1.4/24.1 and 22.7/24.1
d. None of the above is correct.
74.
The adult population in the town of Shelbyville is 150 thousand. If 100 thousand people are
employed and 20
thousand are unemployed, then the labor force participation rate is approximately
a.
67%.
b.
80%.
c.
16%.
d.
13%.
75.
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the
Japanese adult non–
institutionalized population was 110.272 million, the labor force was 65.362
million, and the number of people
employed was 62.242 million. According to these numbers, the
Japanese labor-force participation rate and
unemployment rate were about
a. 56.4% and 2.8%.
b. 56.4% and 4.8%.
c. 59.3% and 2.8%.
d. 59.3% and 4.8%.
76.
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Italian
adult non–
institutionalized population was 51.070 million, the labor force was 24.710 million, and
the number of people
employed was 22.765 million. According to these numbers, the Italian labor–
force participation rate and
unemployment rate were about
a. 48.4% and 7.9%.
b. 48.4% and 3.8%.
c. 44.6% and 7.9%
d. 44.6% and 3.8%
77.
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the
Swedish adult non–
institutionalized population was 7.568 million, the labor force was 4.888
million, and the number of people employed
was 4.486 million. According to these numbers, the
Swedish labor-force participation rate and unemployment rate
were about
a. 64.6% and 8.2%.
b. 64.6% and 5.3%.
c. 59.3% and 8.2%.
d. 59.3% and 5.3%.
78.
The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25
who had at least a
bachelor’s degree, 40.59 million of whom were employed and 0.98 million of
whom were unemployed. What were
the labor-force participation rate and the unemployment rate
for this group?
a. 76.3% and 1.8%
b. 76.3% and 2.4%
c. 78.1% and 1.8%
d. 78.1% and 2.4%
79.
The Bureau of Labor Statistics reported in 2005 that there were 50.40 million people over age 25
whose highest
level of education was some college or an associate degree, 33.86 million of whom
were employed and 1.27 million
of whom were unemployed. What were the labor-force
participation rate and the unemployment rate for this
group?
a. 69.7% and 2.5%
b. 69.7% and 3.6%
c. 67.2% and 2.5%
d. 67.2% and 3.6%
80.
The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people over age 25
whose highest
level of education was a high school degree or equivalent, 36.40 million of whom
were employed and 1.93 million of
whom were unemployed. What were the labor-force
participation rate and the unemployment rate for this group?
a. 60.7% and 3.2%
b. 60.7% and 5.0%
c. 63.9% and 3.2%
d. 63.9% and 5.0%
81.
The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people over age 25
who had no high
school degree or its equivalent, 11.73 million of whom were employed and 1.04
million of whom were unemployed.
What were the labor-force participation rate and the
unemployment rate for this group?
a. 45.3% and 3.7%
b. 45.3% and 8.1%
c. 41.6% and 3.7%
d. 41.6% and 8.1%
82.
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the
labor–force
participation rate is 75%. What is the unemployment rate?
a.
6.25%
b.
8.3%
c.
9.1%
d.
18.75%
83.
Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-
force participation
rate is 70%. What is the unemployment rate?
a.
6.7%
b.
9.5%
c.
10.5%
d.
28%
84.
Suppose that some country had an adult population of about 50 million, a labor-force participation
rate of 60 percent,
and an unemployment rate of 5 percent. How many people were employed?
a.
1.5 million
b.
28.5 million
c.
30 million
d.
47.5 million
85.
Suppose that some country had an adult population of about 25 million, a labor-force participation
rate of 60 percent,
and an unemployment rate of 6 percent. How many people were employed?
a.
0.9 million
b.
14.1 million
c.
15 million
d.
23.5 million
86.
Suppose that some country had an adult population of about 46 million, a labor-force participation
rate of 75 percent,
and an unemployment rate of 8 percent. How many people were employed?
a.
2.76 million
b.
31.74 million
c.
34.5 million
d.
42.32 million
87.
Suppose that some country had an adult population of about 50 million, a labor-force participation
rate of 60 percent,
and an unemployment rate of 5 percent. How many people were unemployed?
a.
1.425 million
b.
1.5 million
c.
2.5 million
d.
5 million
88.
Suppose that some country had an adult population of about 25 million, a labor-force participation
rate of 60 percent,
and an unemployment rate of 6 percent. How many people were unemployed?
a.
0.846 million
b.
0.9 million
c.
1.5 million
d.
6 million
89.
Suppose that some country had an adult population of about 46 million, a labor-force participation
rate of 75 percent,
and an unemployment rate of 8 percent. How many people were unemployed?
a.
2.54 million
b.
2.76 million
c.
3.68 million
d.
8 million
90.
Recent entrants into the labor force account for about
a.
1/5 of those who are unemployed.
b.
1/4 of those who are unemployed.
c.
1/3 of those who are unemployed.
d.
1/2 of those who are unemployed.
91.
Which of the following is the correct formula for calculating the unemployment rate?
a.
b.
c.
d.
92.
Suppose that the adult population in the town of Springfield is 225 million. If 40 million are
unemployed and 100
million are employed, then the unemployment rate is approximately
a.
29%.
b.
18%.
c.
24%.
d.
6%.
6846 Unemployment
Scenario 28-1
Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland
can be
categorized as follows: 25 million people employed, 3 million people unemployed, 1 million
discouraged workers, and
1 million people who are either students, homemakers, retirees, or other
people not seeking employment.
93.
Refer to Scenario 28-1. What is the total labor force?
a.
25 million
b.
28 million
c.
29 million
d.
30 million
94.
Refer to Scenario 28-1. What is the labor-force participation rate?
a. 83.3%
b. 86.7%
c. 93.3%
d. 96.7%
95.
Refer to Scenario 28-1. How many people are unemployed?
a.
1 million
b.
3 million
c.
4 million
d.
5 million
96.
Refer to Scenario 28-1. What is the unemployment rate?
a.
3.3%
b.
6.7%
c.
10.7%
d.
12%
6848 Unemployment
Table 28-2
Labor Data for Aridia
Year
2010
2011
2012
Adult population
2,000
3,000
3,200
Number of employed
1,400
1,300
1,600
Number of unemployed
200
600
200
97.
Refer to Table 28–2. The labor force of Aridia in 2010 was
a. 1,400.
b. 1,600.
c. 1,800.
d. 2,000.
98.
Refer to Table 28–2. The labor force of Aridia in 2011 was
a. 1,300.
b. 1,900.
c. 2,400.
d. 3,000.
99.
Refer to Table 28–2. The labor force of Aridia in 2012 was
a. 1,600.
b. 1,800.
c. 3,000.
d. 3,200.
100.
Refer to Table 28-2. The labor force of Aridia
a.
increased both from 2010 to 2011 and from 2011 to 2012.
b.
increased from 2010 to 2011 but decreased from 2011 to 2012.
c.
decreased from 2010 to 2011 but increased from 2011 to 2012.
d.
decreased both from 2010 to 2011 and from 2011 to 2012.
101.
Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2010 was
a. 200.
b. 400.
c. 600.
d. 1,800.
102.
Refer to Table 28–2. The number of adults not in the labor force of Aridia in 2011 was
a. 600.
b. 1,100.
c. 1,700.
d. 2,400.
103.
Refer to Table 28–2. The number of adults not in the labor force of Aridia in 2012 was
a. 200.
b. 1,400.
c. 1,600.
d. 3,000.
104.
Refer to Table 28–2. The number of adults not in the labor force of Aridia
a.
increased both from 2010 to 2011 and from 2011 to 2012.
b.
increased from 2010 to 2011 but decreased from 2011 to 2012.
c.
decreased from 2010 to 2011 but increased from 2011 to 2012.
d.
decreased both from 2010 to 2011 and from 2011 to 2012.
105.
Refer to Table 28-2. The unemployment rate of Aridia in 2010 was
a.
10%.
b.
12.5%.
c.
14.3%.
d.
80%.
106.
Refer to Table 28-2. The unemployment rate of Aridia in 2011 was
a. 20%.
b. 31.6%.
c. 46.2%.
d. 63.3%.
107.
Refer to Table 28-2. The unemployment rate of Aridia in 2012 was
a. 6.25%.
b. 11.1%.
c. 12.5%.
d. 56.25%.
108.
Refer to Table 28-2. The unemployment rate of Aridia
a.
increased both from 2010 to 2011 and from 2011 to 2012.
b.
increased from 2010 to 2011 but decreased from 2011 to 2012.
c.
decreased from 2010 to 2011 but increased from 2011 to 2012.
d.
decreased both from 2010 to 2011 and from 2011 to 2012.
109.
Refer to Table 28-2. The labor-force participation rate of Aridia in 2010 was
a. 70%.
b. 77.8%.
c. 80%.
d. 87.5%.
110.
Refer to Table 28-2. The labor-force participation rate of Aridia in 2011 was
a. 43.3%.
b. 54.2%.
c. 63.3%.
d. 68.4%.