Exam 15: Jobs and Unemployment

Category Number of people (millions) Total population 250 Less than 16years of age 30 Institutionalized 15 Part-time workers 20 Full-time workers 145 Looking for work in the past 4 weeks 10 In U.S. Armed Forces 10 -Using the table above, the working-age population is

In 2011, real GDP in the United States was below potential GDP. This fact definitely means that

During a recession, the average duration of unemployment tends to

Involuntary part-time workers are workers who

Full employment means that

If a significant number of part-time workers successfully find full-time employment, then

In 2008 as the economy moved into a recession,

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

Which type of unemployment is the consequence of downturns in the business cycle?

In part, the increase in the labor force participation rate in the United States over the last 50 years can be attributed to

Which of the following is true?

A weakness that could be noted about the unemployment rate is that it

If Jose is 22-years old, is available to work but does not have a job and made no specific efforts to find a job for the previous month, Jose is classified in the Current Population Survey as

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family. She is currently looking for work, so she would be considered

If 160 million people are employed, 15 million people are unemployed, and the population is 280 million people; the unemployment rate is

At full employment there still exists some unemployment because

The unemployment rate is the number of people unemployed divided by the

The labor force participation rate is the

The amount of frictional unemployment depends on

If real GDP exceeds potential GDP, then the unemployment rate ________ the natural unemployment rate.