Quiz - Chapter 22 (Practice)

# Quiz - Chapter 22 (Practice) - Maximum number of choices...

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Maximum number of choices allowed is {0}. Points Awarded 190.48 Points Missed 9.52 Percentage 95.2% 1. The ________ fluctuates more than does the ________. A) labor force participation rate; employment-to-population ratio B) labor force participation rate; unemployment rate C) employment-to-population ratio; labor force participation rate D) employment-to-population ratio; unemployment rate Points Earned: 0.0/4.8 Correct Answer(s): C 2. Based on the following data for the country of Tiny Town, the employment-to-population ratio equals ________ multiplied by 100. Population = 200 Working age population = 100 Labor Force = 90 Number of employed persons = 75

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A) 90/100. B) 75/200 C) 90/200. D) 75/100. Points Earned: 4.8/4.8 Correct Answer(s): D 3. The total number of people aged 16 years and over who are not institutionalized ________. A) equals the number of employed plus unemployed B) is the working-age population C) does not include students D) is the labor force Points Earned: 4.8/4.8 Correct Answer(s): B 4. Category Number (millions) Discouraged workers 15
Unemployed workers 40 Employed workers 100 Population (16 years and over) 225 In the above table, the employment-to-population ratio is A) 51 percent. B) 42 percent. C) 62 percent. D) 44 percent. Points Earned: 4.8/4.8 Correct Answer(s): D 5. The employment-to-population ratio is equal to 100 multiplied by the number of A) unemployed people divided by the total population. B) employed people divided by the working-age population. C) employed people divided by the total population. D) unemployed people divided by the working age population.

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Points Earned: 4.8/4.8 Correct Answer(s): B 6. Total population (millions) Currently employed (millions) Not working and looking for work (millions) Want to work but no longer looking for work (millions) 80 40 2 4 In the table above, the size of the labor force is A) 80 million. B) 46 million. C) 42 million. D) 40 million. Points Earned: 4.8/4.8 Correct Answer(s): C
7. Unemployment as measured includes the total number of people who A) have jobs or are currently looking for jobs. B) are available and looking for work but unable to find employment. C) would like to have a job but have stopped seeking work. D) would like to have a full-time job but are working part-time. Points Earned: 4.8/4.8 Correct Answer(s): B 8. The real wage rate is A) the money wage rate divided by the price level. B) the money wage rate multiplied by the price level. C) the money wage rate divided by the number of employed workers. D) None of the above answers are correct. Points Earned: 4.8/4.8 Correct Answer(s): A

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9. Which of the following decreases the unemployment rate? A) Discouraged workers leave the labor force. B) More women enter the labor force and seek jobs.
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Quiz - Chapter 22 (Practice) - Maximum number of choices...

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