Q1. 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)   working-age population who are working.

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

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

Q2. 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?

        Bradley               Maddeline

A)    Employed            Not in labor force

B)    Employed           Employed

C)    Not in labor force       Not in labor force

Q3. 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)   individuals employed divided by the number of people who are unemployed and retired.

答案和详解如下：

Q1. 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)   working-age population who are working.

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

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

Correct answer is C)

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.

Q2. 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?

        Bradley               Maddeline

A)    Employed            Not in labor force

B)    Employed           Employed

C)    Not in labor force       Not in labor force

Correct answer is A)

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.

Q3. 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)   individuals employed divided by the number of people who are unemployed and retired.

Correct answer is 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) × 100. The labor force includes those individuals who are employed or are actively seeking employment.

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