QUESTION 7 In June 2009 the Bureau of Labor Statistics reported an adult populat

Question

QUESTION 7 In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, a labor force of 186 million and employment of 160 million. Based on these numbers the unemployment rate was O a. (234.9/160) 100. O b. (186/160) *100. O c. (234.9/186)* 100. O d. (26/186) 100. QUESTION 8 Supposethat there are 210 adults in a small own. 120 have jobs, 10 people have given u oin f and 30 are unemployed. What is the unemployment rate. areretd 0 a. 14.3% b. 25% ? ?. 30% O d. 20% QUESTION 9 If a discouraged worker re-enters the labor force and begins searching for jobs but doesn't find one the unemployment rate will O a. go down because our economy is on the right track with more people wanting to work O b. stay the same because the number of people with jobs didn't change. c. stay the same because the worker isn't counted in the labor force until he or she finds a job again. Od. increase because the percentage of labor force participants with jobs has decreased.

Explanation / Answer

Q7. Answer is d. (26/186)*100 Explanation: Total Labour force 186 Less: Employed 160 Unemployed 26 Unemployment rate: 26/ 186 *100 Q8. Answer is b. 25% Explanation: Total labour force (120+10+30): 160 Unemployment (10+30): 40 Unempployment rate: 40/160*100 = 25% Q9. Answer s d. Increase because the percentage of labor force participants with jobs has decreased. Explanation: The labor force will be increased so as the unemployed population.

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