28-STS.DOC

A 275 million 30 million b 285 million 30 million c

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a. 27.5 million, 30 million b. 28.5 million, 30 million c. 30 million, 31.5 million d. 30 million, 32.5 million 59. Suppose some country had an adult population of about 25 million, the labor-force participation rate was 60 percent, and the unemployment rate was 6 percent. What were the number of people employed and the number of people in the labor force? a. 11.75 million, and 12.5 million b. 13.5 million and 15 million c. 14 million, and 12.5 million d. 14.1 million, and 15 million 60. Suppose some country had an adult population of about 46.5 million, the labor-force participation rate was 63.5 percent, and the unemployment rate was 5.8 percent. What were the number of people employed and the number of people unemployed? a. about 29.5 million and 2.7 million. b. about 29.5 million and 1.7 million. c. about 27.8 million and 2.7 million. d. about 27.8 million and 1.7 million. 61. Tom loses his job and immediately begins looking for another. Other things the same , the unemployment rate a. increases, and the labor-force participation rate decreases. b. increases, and the labor-force participation rate is unaffected. c. is unaffected, and the labor-force participation rate increases.

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152 Chapter 28/Unemployment d. decreases, and the labor-force participation rate is unaffected. 62. Matt loses his job and decides to sit on the beach rather than looking for work the next few months. Other things the same , the unemployment rate a. increases, and the labor-force participation rate is unaffected. b. increases, and the labor-force participation rate decreases. c. decreases, and the labor-force participation rate increases. d. decreases, and the labor-force participation rate decreases. 63. Anna has just finished high school and started looking for her first job, but has not yet found one. As a result, the unemployment rate a. increases, and the labor-force participation rate is unaffected. b. increases, and the labor-force participation rate increases. c. is unaffected, and the labor-force participation rate increases. d. increases, and the labor-force participation rate decreases. 64. Tara just graduated from college. In order to devote all her efforts to college, she didn’t hold a job. She is going to cruise around the country on her motorcycle for awhile before she starts looking for work. As a result, the unemployment rate a. increases, and the labor-force participation rate increases. b. is unaffected, and the labor-force participation rate is unaffected. c. increases, and the labor-force participation rate decreases. d. increases, and the labor-force participation rate is unaffected. 65. If an unemployed person quits looking for work, ceteris paribus, the unemployment rate a. decreases, and the participation rate increases. b. decreases, and the participation rate decreases. c. stays the same, and the participation rate decreases.
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