ECO 201 chapter 15 Exam Questions and Answers Solved Correctly Rated 100%
available for work, tried to find employment during the previous 4 weeks - Answers unemployed
not employed, not unemployed (i.e. full time students, housemakers, retirees) - Answers not in the labor
force
the total number of workers, including both the employed and the unemployed - Answers Labor Force
the percentage of the labor force that is unemployed
(# of unemployed / labor force) x 100 - Answers Unemployment rate
the percentage of the adult population that is in the labor force
(labor force/adult population) x 100 - Answers Labor-force participation rate
labor force: 180,000 + 30,000 = 210,000
unemployment rate: (30,000/210,000) x 100 = 14.28%
labor force rate: (210,000/240,000) x 100 = 87.5% - Answers The country of "Awesome" has collected
the following information:
1. Adult Population = 240,000
2. Employed = 180,000
3. Unemployed = 30,000
Calculate the labor force, the unemployment rate, and the labor-force rate.
1. employed
2. employed (no hour requirements)
, 3. unemployed
4. not in labor force - Answers Classify each of the following individuals in one of the following
categories: employed,unemployed, or not in the labor force.
1.Steve worked 40 hours last week in an office supply store.
2. Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company
and attended night classes at the local college. She would prefer a full-time job.
3. Roger lost his job at the R-gone Manufacturing Company. Since then he has been trying to find a job
at other local factories.
4. Linda is a homemaker. Last week she was occupied with her normal household chores. She neither
helda job nor looked for a job.Chapter 15: Unemployment
A. not in the labor force
B. employeed
C. not in the labor force - Answers Classify each of the following individuals in one of the following
categories: employed,unemployed, or not in the labor force.
A. Linda's father is unable to work.
B. Scott has a Ph.D. He worked full-time but does not like his job as a dishwasher. He has applied for jobs
with three companies and five universities. As soon as he gets an offer, he will quit his current job.
C. Mary-Helen has been out of work for a full year.She would take a job if it was offered, but no local
companies are hiring. She is not actively searching for work.
available for work, tried to find employment during the previous 4 weeks - Answers unemployed
not employed, not unemployed (i.e. full time students, housemakers, retirees) - Answers not in the labor
force
the total number of workers, including both the employed and the unemployed - Answers Labor Force
the percentage of the labor force that is unemployed
(# of unemployed / labor force) x 100 - Answers Unemployment rate
the percentage of the adult population that is in the labor force
(labor force/adult population) x 100 - Answers Labor-force participation rate
labor force: 180,000 + 30,000 = 210,000
unemployment rate: (30,000/210,000) x 100 = 14.28%
labor force rate: (210,000/240,000) x 100 = 87.5% - Answers The country of "Awesome" has collected
the following information:
1. Adult Population = 240,000
2. Employed = 180,000
3. Unemployed = 30,000
Calculate the labor force, the unemployment rate, and the labor-force rate.
1. employed
2. employed (no hour requirements)
, 3. unemployed
4. not in labor force - Answers Classify each of the following individuals in one of the following
categories: employed,unemployed, or not in the labor force.
1.Steve worked 40 hours last week in an office supply store.
2. Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company
and attended night classes at the local college. She would prefer a full-time job.
3. Roger lost his job at the R-gone Manufacturing Company. Since then he has been trying to find a job
at other local factories.
4. Linda is a homemaker. Last week she was occupied with her normal household chores. She neither
helda job nor looked for a job.Chapter 15: Unemployment
A. not in the labor force
B. employeed
C. not in the labor force - Answers Classify each of the following individuals in one of the following
categories: employed,unemployed, or not in the labor force.
A. Linda's father is unable to work.
B. Scott has a Ph.D. He worked full-time but does not like his job as a dishwasher. He has applied for jobs
with three companies and five universities. As soon as he gets an offer, he will quit his current job.
C. Mary-Helen has been out of work for a full year.She would take a job if it was offered, but no local
companies are hiring. She is not actively searching for work.
