Practice Questions for Midterm 2, Spring 2011Part 1: Short Answer Problems1.The following tables contain historical data on the US unemployment rate and labor force participation rate, and the most recent information about the number of people employed, unemployed and the size of the adult civilian non-institutional population.April 2009:a.(4 points) Calculate the unemployment rate and the labor force participation rate in April 2009.b.(2 points) Does it seem like that some unemployed workers have gotten discouraged about their chances of finding a job? Explain.Page 15.8%66.1%Oct 086.6%66.0%Jan 097.5%65.5%Millions of peopleEmployed141.0Unemployed13.7Population (adult civilian)235.2unemployment ratelabor force participation rateJan 084.9%66.1%Apr 085.0%66.0%Jul 08
has intentionally blurred sections.
Sign up to view the full version.