Which federal agency publishes the United States’ unemployment figures? A) The Bureau of Labor Statistics B) Health and Human Services C) the Senate Committee on Labor Relations D) the Federal Reserve ANSWER A
Date: September 2nd, 2020
The rate of unemployment is calculated as the number of A) people in the civilian labor force divided by the number of unemployed. B) employed workers divided by the number of unemployed workers. C) unemployed divided by the number of people in the civilian labor force. D) unemployed workers divided by the number of employed […]
Date: September 2nd, 2020
According to the Bureau of Labor Statistics, if you voluntarily leave your job to search for another job, then you A) are eligible for unemployment compensation. B) are classified as a job loser. C) are classified as unemployed. D) may not re-enter the labor force for six months. ANSWER C
Date: September 2nd, 2020
Official unemployment rates may underestimate the true rate of unemployment because the official rate A) fails to include discouraged workers. B) does not include individuals receiving any type of unemployment compensation. C) may include some individuals who are not actually in the labor force. D) includes those workers who only work part time. ANSWER […]
Date: September 2nd, 2020
The official unemployment rate may understate the true rate of unemployment because of A) discouraged workers who no longer are actively seeking work and are excluded from the statistics. B) increases in worker productivity. C) workers who hold two jobs. D) changes in wage rates. ANSWER A
Date: September 2nd, 2020
Historically, the United States has experienced A) no changes in the unemployment rate since World War II. B) periods of both increases and decreases in the unemployment rate since World War II. C) continuous increases in the unemployment rate since World War II. D) continuous decreases in the unemployment rate since World War II. […]
Date: September 2nd, 2020
If the U.S. economy enters a recession, the A) labor force tends to increase. B) economy experiences full employment. C) unemployment rate tends to increase. D) entire population will be partially unemployed. ANSWER C
Date: September 2nd, 2020
The labor force includes individuals who are: I. Employed II. Unemployed III. Discouraged workers A) Both I and III B) I only C) Both I and II D) All I, II and III ANSWER C
Date: September 2nd, 2020
The rate of unemployment is found by A) dividing the number unemployed by the number of people in the labor force. B) dividing the number employed by the number of people in the labor force. C) dividing the number unemployed by the number employed. D) dividing the number employed by the number unemployed. ANSWER […]
Date: September 2nd, 2020
Including discouraged workers in the calculation of the unemployment rate would A) not change the reported rate. B) increase the reported rate. C) change the reported rate, but in an unpredictable manner. D) lower the reported rate. ANSWER B
Date: September 2nd, 2020
