Reading 22: Monitoring Cycles, Jobs, and the Price Level -

答案和详解如下：

1.Given the following information for a country, what is the labor force participation rate?

A)   95%.

B)   72%.

C)   100%.

D)   76%.

The correct answer was D)    

Labor force participation rate = (# of persons 16 or older who are employed or seeking employment) / (civilian population 16 or older)
Labor force participation rate = (8+152) / 210 = 76%.

2.Which of the following is the most accurate definition of the unemployment rate? The unemployment rate is the number of:

A)   unemployed individuals divided by the number of employed individuals.

B)   unemployed individuals divided by the total labor force.

C)   unemployed individuals divided by the number of individuals employed plus the number of people in retirement.

D)   individuals employed divided by the number of people who are unemployed and retired.

The correct answer was B)    

The unemployment rate of a country is the percentage of people in the labor force who are unemployed. It is calculated as: unemployment rate = (number of unemployed / labor force) x 100. The labor force includes those individuals who are employed or are actively seeking employment.

3.Bradley works a 14-hour-per-week job as a bartender at McQuigley’s Pub. Maddeline left her position at a commercial bank to raise her two-year old daughter. How would these individuals be classified from the viewpoint of employment statistics?

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A)     Not in labor force                         Not in labor force

B)     Employed                                 Not in labor force

C)     Employed                                   Employed

D)     Half-worker                Half-worker

The correct answer was B)

The labor force includes all people who are either employed or actively seeking employment. As such, Bradley is considered employed from the viewpoint of employment statistics whereas Maddeline is not counted in the labor force.

4.When economists are speaking of the labor-force participation rate, they are referring to which of the following? The labor-force participation rate is the percentage of the:

A)   labor force who are new entrants (less than one year of work experience).

B)   working-age population who are not working but are actively looking for work.

C)   working-age population who are working.

D)   working-age population who are either working or actively looking for work.

The correct answer was D)

The labor-force participation rate is the percentage of the working-age population who are employed or actively seeking employment. The labor-force participation rate can be calculated as: (the labor force / working-age population) × 100.