ExamView_Pro_-_Test_2_Practice_Spring_2008 - Name Class...

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Name: ________________________ Class: ___________________ Date: __________ ID: A 8 Test 2 Practice Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Italian adult non-institutionalized population was 45.020 million, the labor force was 24.065 million, and the number of people employed was 22.105 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about a. 45.1%, 8.1% b. 45.1%, 4.4% c. 53.5%, 8.1% d. 53.5%, 4.4% ____ 2. Suppose some country had an adult population of about 50 million, the labor-force participation rate was 60 percent, and the unemployment rate was 5 percent. What were the number of people employed and the number of people in the labor force? ____ 3. Among teenagers, which group has the highest unemployment rate? ____ 4. Recent entrants into the labor force account for about ____ 5. Which of the following is correct? a. Short-term unemployment is a more serious problem than long-term unemployment. b. Most spells of unemployment are long term. c. Most of the currently unemployed have been unemployed a long time. d. None of the above is correct. ____ 6. Job search ____ 7. Wages in excess of their equilibrium level help explain
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