EC201 chapter_7_Quiz Full

B employed unemployedlaborforce100 c laborforce

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Unformatted text preview: ed is A) 153 million. B) 117 million. C) 135 million. D) 180 million. Answer: C Diff: 3 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 20) The unemployment rate is A) unemployed/po pulation × 100. B) (employed - unemployed)/labor force × 100. C) (labor force - employed)/labor force × 100. D) (employed labor force)/employed × 100. Answer: C Diff: 3 Topic: Unemployment Skill: Definition 21) The people classified as employed is 260,000 and the number of people classified as unemployed is 30,000. number of The size of the labor force A) equals 290,000. B) equals 230,000. C) equals 260,000. D) equals 320,000. Answer: A Diff: 1 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 22) The people classified as employed is 350,000 and the number of people in the labor force is 500,000. The number of total number of people classified as unemployed is A) 350,000. B) 150,000. C) 425,000. D) 500,000. Answer: B Diff: 1 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 23) If the people classified as unemployed is 20,000 and the number of people classified as employed is 400,000, number of what is the unemploy...
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This note was uploaded on 11/13/2013 for the course BUSINESS EC201-03 taught by Professor Auguste during the Fall '13 term at Monroe.

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