If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then OA. unemployment will be close to zero in 11 months. OB. employment is 5,500,000 people. OC. the yearly inflow to unemployment is 500,000 people. O D. the average person will expect to be employed in about 5/11 of a month. OE. the number of unemployed is 5,500,000 people.

Question 33 One shortcoming of the official unemployment rate is that it a) is unreliable because it is easily manipulated by the government. b) accounts for underemployed workers and marginally attached workers. Oc) is very stable through recessions and is unreliable as an economic indicator. O d) includes only workers who have no jobs and are actively seeking work. O e) only indicates the length of unemployment.

Refer to Table 12. The total number of people employed is (CLOS # 2) Table 12. Category Number Labor force participation75% rate Unemployment rate 10% Total population years of age and older) (16100,000 Select one: O a. 60,000. O b. 80,000. O c. 90,000. O d. 67,500.

When cyclical unemployment is zero, O the unemployment rate equals the natural unemployment rate. O frictional unemployment is zero. O cyclical and frictional unemployment are zero. O the natural unemployment rate is zero. O structural unemployment is zero.

The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2014. Age 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over Total Source: "Labor Force Statistics from the Current Population Survey."Bureau of Labor Statistics. What is the national unemployment rate? O 3.9% O 6.2% Employed Unemployed (Thousands of People) (Thousands of People) 4,548 1,106 13,894 1,747 95,497 5,270 24,395 1,107 7,971 387 146,305 9,617 10.5% 59.0% Not in Labor Force (Thousands of People) 10,979 6,438 23,744 14,262 36,602 92,025

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate? Select one: O a. 6.7% O b. 10.5% O c. 9.5% O d. 9%

Suppose the existing labor force inside the country is 1,000,000 persons, of whom 900,000 are employed and 100,000 unemployed. Suddenly 100,000 overseas workers are thrown out of their jobs overseas and must return home. Of these, 95,000 become employed while 5,000 have difficulty finding jobs and are unemployed. As a result of this development, the unemployment rate of the country from to O a. rises; 11 percent; 11.6 percent O b. falls; 10 percent; 9.5 percent O c. rises; 10 percent; 11 percent O d. falls; 11 percent; 10 percent

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All of the following are problems in measuring the unemployment rate except that O A. discouraged workers are not included in the labour force. OB. there is a lack of verification of people's responses in the household survey. OC. part-time workers are included as employed. ⒸD. people on active military service are included as unemployed.

Suppose the unemployment rate increases. If at the same time we observe the labor force participation rate decreasing, we can conclude that The labor force participation rate is falling for a bad reason O The unemployment rate is increasing for a bad reason O The unemployment rate is increasing for a good reason O The labor force participation rate is falling for a good reason