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EC201 chapter_7_Quiz Full

B 76 c 80 d 88 answer c diff2 topic unemployment skill

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Unformatted text preview: people. B) 210,970 people C) 213,220 people. D) cannot be determined from this information Answer: C Diff: 3 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 28) If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate is A) 72%. B) 76%. C) 80%. D) 88%. Answer: C Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 29) If the labor- force participation rate is 82% and the total population 16 years of age or older is 1 million people, the labor force is A) 910,000 people. B) 820,000 people. C) 740,000 people. D) 180,000 people. Answer: B Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 30) If the unemployed equals 30,000, the number of employed equals 60,000, and the number not in the labor force number of is 10,000, the labor-force participation rate A) is 90%. B) is 67%. C) is 88.9%. D) cannot be determined from this information. Answer: A Diff: 3 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 31) If the unemployed equ...
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