2012_hw4 - ECON 2012: Macroeconomics HW 4 25 points Name_...

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ECON 2012: Macroeconomics HW 4 25 points Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) The unemployment rate equals the number of unemployed divided by the ________ , all times 100. A) total population B) labor force C) working - age population D) number of employed 2) 2) Someone who is available for work but has not actively looked for work in the previous four weeks would be classified as A) employed. B) not in the labor force. C) unemployed. D) not in the working - age population. 3) 3) The labor force participation rate equals the A) (number of employed divided by the labor force) x 100. B) (labor force divided by the number of people not in the labor force) x 100. C) (labor force divided by the total population) x 100. D) (labor force divided by working - age population) x 100. Consider the following data for a simple economy: Total Population 20,000 Working - Age Population 15,000 Employment 1,000 Unemployment 100 4) 4) Refer to the table above. The unemployment rate for this simple economy equals A) (100/1,000) x 100. B) (100/20,000) x 100. C) (100/1,100) x 100. D) (100/15,000) x 100. 5) 5) Refer to the table above. The labor force participation rate for this simple economy equals A) (1,000/1,100) x 100. B) (1,100/20,000) x 100. C) (1,000/15,000) x 100. D) (1,100/15,000) x 100. 1
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6) 6) Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true extent of joblessness? A) inflation
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2012_hw4 - ECON 2012: Macroeconomics HW 4 25 points Name_...

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