MACRO Chapter 28

Measuring unemployment is the job of the a. Congressional Budget Office. b. Department of Commerce. c. Council of Economic Advisers. d. Bureau of Labor Statistics.

The Bureau of Labor Statistics produces data on unemployment a. weekly. b. monthly. c. quarterly. d. yearly.

The Bureau of Labor Statistics produces data on a. unemployment. b. types of employment. c. length of the average workweek. d. All of the above are correct.

Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household? a. employed b. unemployed c. underemployed d. not in the labor force

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least a. 14 years old. b. 16 years old. c. 18 years old. d. 21 years old.

Who of the following is not included in the Bureau of Labor Statistics' "employed" category? a. those who worked as paid employees b. those who worked in their own business c. those who worked as unpaid workers in a family member's business d. those waiting to be recalled to a job from which they had been laid off

The Bureau of Labor Statistics places people in the "employed" category if they a. are without a job, but are available for work and have tried to find a job during the previous 4 weeks. b. work without pay in a family member's business. c. are waiting to be recalled to a job from which they had been laid off. d. All of the above are correct.

The Bureau of Labor Statistics places people in the "employed" category if they a. are temporarily absent from their jobs. b. are self-employed. c. work without pay in a family member's business. d. All of the above are correct.

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must a. be available for work. b. have tried to find employment during the previous week. c. have previously been employed. d. All of the above are correct.

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must a. have worked 10 or fewer hours during the previous week. b. have tried to find employment during the previous year. c. not have been laid off. d. None of the above is correct.

Which of the following is not a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category? a. The person must not have been employed. b. The person must not have been fired from their previous job. c. The person must have tried to find employment during the previous 4 weeks. d. The person must have been available for work.

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category? a. Tuuli, who is waiting for her new job to start b. Jyri, who worked only 15 hours last week c. Panu, who neither has a job nor is looking for one d. None of the above is correct.

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category? a. Cemal, a full-time student who is not looking for work b. Halim, who is on temporary layoff c. Zeynep, who has retired and is not looking for work d. All of the above are correct.

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category? a. Anique, who did not work during the previous 4 weeks b. Evelien, who tried to find new employment during the previous 4 weeks c. Renate, who was an unpaid worker during the previous 4 weeks d. None of the above is correct.

Who is included in the labor force by the Bureau of Labor Statistics? a. Azibo, a homemaker not looking for other work b. Kwamie, a full-time student not looking for work c. Geroy, who does not have a job, but is looking for work d. None of the above is correct.

A person who is counted as unemployed by the Bureau of Labor Statistics a. is also in the labor force. b. must have recently looked for work or be on temporary layoff. c. be at least 16 years old. d. All of the above are correct.

Yves is an unpaid worker in his family's bakery. The Bureau of Labor Statistics counts Yves as a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. employed and not in the labor force.

Jouke is on a temporary layoff from his factory job. The Bureau of Labor Statistics counts Jouke as a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. employed and not in the labor force.

Jai Li just lost her job, and she hasn't yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as a. unemployed and in the labor force. b. unemployed, but not in the labor force. c. in the labor force, but not unemployed. d. neither in the labor force nor unemployed.

Neeltje is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not looking for a paid job. The Bureau of Labor Statistics counts Neeltje as a. unemployed and in the labor force. b. unemployed, but not in the labor force. c. in the labor force, but not unemployed. d. neither in the labor force nor unemployed.

The sum of which of the following must be equal to the adult population? a. employed, unemployed b. employed, unemployed, labor force c. employed, unemployed, not in the labor force d. employed, unemployed, labor force, not in the labor force

The labor force equals the a. number of people employed. b. number of people unemployed. c. number of people employed plus the number of people unemployed. d. adult population.

Suppose that a large number of men who used to work or seek work now no longer do either. Other things the same, this makes a. the number of people unemployed rise but does not change the labor force. b. the number of people unemployed rise but makes the labor force fall. c. both the number of people unemployed and the labor force fall. d. the number of people unemployed fall but does not change the labor force.

The Bureau of Labor Statistics defines the unemployment rate as the percentage of a. those unemployed relative to those employed. b. the labor force that is unemployed. c. the adult population that is unemployed. d. the adult population that is unemployed or not in the labor force.

The unemployment rate is computed as the number of unemployed a. divided by the labor force, all times 100. b. divided by the number of employed, all times 100. c. divided by the adult population, all times 100. d. times the labor-force participation rate, all times 100.

Which of the following is correct? a. Labor force = number of employed. b. Labor force = population - number of unemployed. c. Unemployment Rate = number of unemployed (number of employed + number of unemployed) 100. d. Unemployment Rate = number of unemployed adult population 100.

The labor-force participation rate measures the percentage of the a. total adult population that is in the labor force. b. total adult population that is employed. c. labor force that is employed. d. labor force that is either employed or unemployed.

The labor-force participation rate tells us the fraction of the population that a. is able to participate in the labor market. b. has ever been employed. c. has chosen to participate in the labor market. d. has chosen not to participate in the labor market.

The labor-force participation rate is computed as a. (Employed Adult Population) 100. b. (Employed Labor Force) 100. c. (Labor Force Adult Population) 100. d. (Adult Population Labor Force) 100.

Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate a. increases and the labor-force participation rate decreases. b. and the labor-force participation rate both increase. c. increases and the labor-force participation rate is unaffected. d. is unaffected and the labor-force participation rate decreases.

Matilda just graduated from college. In order to devote all her efforts to college, she didn't hold a job. She is going to cruise around the country on her motorcycle for a month before she starts looking for work. Other things the same, the unemployment rate a. increases and the labor-force participation rate decreases. b. and the labor-force participation rate both increase. c. increases and the labor-force participation rate is unaffected. d. and the labor-force participation rate are both unaffected.

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months. Other things the same, the unemployment rate a. increases and the labor-force participation rate decreases. b. increases and the labor-force participation rate is unaffected. c. is unaffected and the labor-force participation rate decreases. d. and the labor-force participation rate are both unaffected.

Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate a. and the labor-force participation rate both increase. b. increases and the labor-force participation rate is unaffected. c. is unaffected and the labor-force participation rate increases. d. and the labor-force participation rate are both unaffected.

If an unemployed person quits looking for work, then, other things the same, the unemployment rate a. decreases and the labor-force participation rate is unaffected. b. and the labor-force participation rate both decrease. c. is unaffected and the labor-force participation rate decreases. d. and the labor-force participation rate are both unaffected.