Exam 15: Unemployment: Identifying Unemployment

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?

The deviation of unemployment from its natural rate is called

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Which of the following is not an explanation for the existence of unemployment in the long run?

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. -Refer to Scenario 28-1.What is the labor-force participation rate?

According to 2014 data on the U.S.population,which of the following groups of teenagers (ages 16-19)had the lowest unemployment rate?

Esmerelda worked part-time for her mother's business without pay.Tabitha was absent from work because she had strep throat.Who is counted as "employed" by the Bureau of Labor Statistics?

Olga owns her own business.Sven is an unpaid worker in his family's business.Who is included in the Bureau of Labor Statistics' "employed" category?

Suppose that the adult population in some country is 225 million.If 40 million are unemployed and 100 million are employed,then the unemployment rate is approximately

Which of the following is the correct formula for calculating the labor force participation rate?

Just after World War II,the labor-force participation rate of men was

John is a stockbroker.He has had several job offers,but he has turned them down because he thinks he can find a firm that better matches his tastes and skills.Curtis has looked for work as an accountant for some time.While the demand for accountants does not appear to be falling,there seems to be more people applying than jobs available.

A person who is counted as "unemployed" by the Bureau of Labor Statistics

According to 2014 data on the U.S.population,which of the following groups of adults of prime working age (ages 25-54)had the lowest unemployment rate?

Matilda just graduated from college.In order to devote all her efforts to college,she didn't hold a job.She is going to tour around the country on her motorcycle for a month before she starts looking for work.Other things the same,the unemployment rate

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Karena was laid off,but she is expecting to be recalled.She has not looked for work since being laid off.Nathan is not employed,nor was he laid off.Who is counted as "unemployed" in the U.S.labor force statistics?

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?

The natural unemployment rate includes

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