ExamiDefine these concepts: the labor force, the labor forceparticipation rate, and the unemployment rate.1.1 Which of the following is not included in the laborforce?a. People who are employed.b. People who do not have a job, but who are activelysearching for one.c. People who do not have jobs and do not want one.d. People working 30 hours a week.1.2 Individuals who are working part time for economicreasons and would like to work full time are counted asunemployed in the traditional unemployment statistics.(True/False)1.3 The labor force participation rate shows the percentageof thea. labor force that has a job.b. labor force that is unemployed.c. relevant population that is employed.d. relevant population that is in the labor force.1.4 What would happen to the measured unemploymentrate if unemployed individuals left the labor forcebecause they no longer believed they could get jobs?1.5 New Government Employment and True Unem-ployment. Suppose the U.S. government hires workerswho are currently unemployed but does not give them

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Define these concepts: the labor force, the labor force participation rate, and the unemployment rate.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

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Question

Exami
Define these concepts: the labor force, the labor force
participation rate, and the unemployment rate.
1.1 Which of the following is not included in the labor
force?
a. People who are employed.
b. People who do not have a job, but who are actively
searching for one.
c. People who do not have jobs and do not want one.
d. People working 30 hours a week.
1.2 Individuals who are working part time for economic
reasons and would like to work full time are counted as
unemployed in the traditional unemployment statistics.
(True/False)
1.3 The labor force participation rate shows the percentage
of the
a. labor force that has a job.
b. labor force that is unemployed.
c. relevant population that is employed.
d. relevant population that is in the labor force.
1.4 What would happen to the measured unemployment
rate if unemployed individuals left the labor force
because they no longer believed they could get jobs?
1.5 New Government Employment and True Unem-
ployment. Suppose the U.S. government hires workers
who are currently unemployed but does not give them

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