Consider an economy made up of 500 people (i.e., the working-age population). Of which, 400 are employed, 20 are unemployed and looking for jobs, 30 are full-time students, 35 are discouraged workers, and 15 are retired, under-aged and other individuals. What is the labor force participation rate? 80% O 84% O 90% O 97% A

The nation of Fixlax has 120,000 people. Of these, 20,000 are children under the age of 16, 72000 have jobs, 8000 don't have jobs and are looking for work, and 20,000 people are retired. Assuming that these are all noninstitutionalized civilians, what is the labor force participation rate? O 72% O 66.7% O 60% O 80%

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

Table 28-4 2010 Labor Data for Adults (ages 16 and older) in Meditor 45 million bs million Males not in labor force Females not in labor force Males unemployed Females unemployed Males employed Females employed S million 5 million 85 million 65 million Refer to Table 2s-4 What is the adult female labor-force participation rate in Mediter? O38.1% O61.9% O66.7% D.95 2%

Question 26 3.7 points If the number of unemployed workers is 20 million, the number in the adult population is 500 million, and the unemployment rate is 8%, what is the labor force participation rate? Save Ar O a. 67.8% Ob.50.0% O. 60.0% Od.9.25%

Seved Help Save & Exit Su Total Product Unit of Labor Product Price $ 2.20 1. 15 2.0 2 28 1.80 39 1.60 4 48 1.40 55 1.20 6. 60 1.10 Refer to the table, which gives data for a firm that is hiring labor in a purely competitive market. If the wage rate is $4.5, how many workers will the firm choose to employ? Multiple Choice Refer to the table, which gives data for a firm that is hiring labor in a purely competitive market if the wage rate is $4.5, how many workers will the firm choose to employ? Multiple Cholce 3 O 5 2.

Production Prices Year1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 60 80 100 $1.00 $1.00 $1.40 Good Y 100 110 130 $0.80 $0.90 $1.00 Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's GDP deflator in year 2 is Select one: O a. 100 O b. 93.9 O c. 106.5 O d. 179

Edgar is working part-time. Diane is on layoff. Who is included in the Bureau of Labor Statistics' "employed" category? Select one: O a. both Edgar and Diane O b. only Edgar O C. neither Edgar nor Diane O d. only Diane 4

Suppose the population is 300 million people.Of these, 70 million people are classified as "not surveyed," 80 million people as not in the labor force, and 144 million as employed.What would be the unemployment rate in this example? Select one. a. 4% O b. 8% O c 6% Od. 2% Oe. 10%

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