The civilian labor force includes which of the following groups?

b. Those who are currently working part time More test answers on https://studyhippo.com/ch-11-quiz-test-answers/

The U.S. government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force, and 139.7 million employed. Based on these numbers, how many people were counted as unemployed?

The unemployed are the labor force minus the employed, or 147.9-139.7 = 8.2 More test answers on https://studyhippo.com/macroeconmics-midterm/

The U.S. government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force, and 139.7 million employed. Based on these numbers, what was the unemployment rate?

The unemployment rate is the unemployed divided by the labor force, or 8.2/147.9 = 5.5%. More test answers on https://studyhippo.com/macroeconmics-midterm/

Bob starts off as part of the noninstitutional population and is in the civilian labor force. Under which scenarios would Bob be considered unemployed?

1. Bob is not working but is waiting to be called back to a job from which he has been temporarily laid off 2. Bob has made specific active efforts to find a job during the last four weeks and is available to work More test answers on https://studyhippo.com/chapter-6-prices-and-unemployment/

The U.S. government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force, and 139.7 million employed. Based on these numbers, what was the labor-force participation rate?

The labor-force participation rate is the labor force divided by the noninstitutionalized population 16 and above, or 147.9 /(75.6+147.9) = 66.2%. More test answers on https://studyhippo.com/macroeconmics-midterm/

A study conducted by the Moscow-based management consulting firm Strategy Partners found that average labor productivity in Russia is only 17 percent of labor productivity in the United States. What factors would cause U.S. labor productivity to be nearly size times higher than Russian labor productivity? A. The size of the civilian labor force is larger in the U.S. B. The size of the civilian labor force is larger in Russia, causing diminishing returns to set in C. The U.S. has more capital available per worker and higher levels of technology D. Russia overall has a smaller capital stock

C. The U.S. has more capital available per worker and higher levels of technology More test answers on https://studyhippo.com/economics-homework/

A person in the civilian labor force falls into one of two categories:

Unemployed or employed More test answers on https://studyhippo.com/econ-lol/

The civilian labor force consists of

the employed plus the unemployed who are not in the military More test answers on https://studyhippo.com/mid-term-macroeconomic-chapter-16/

Suppose the official unemployment rate is 10 percent. We can conclude without question that a. the same 10 percent of the people in the economy were out of work for the entire year. b. 1 out of every 10 people in the civilian labor force is currently unemployed. c. the same 10 percent of the people in the civilian labor force was out of work for the entire year. d. each person in the civilian labor force was out of work for 10 percent of the year.

1 out of every 10 people in the civilian labor force is currently unemployed. More test answers on https://studyhippo.com/ch-16-quiz-review/

The unemployment rate is the percentage of the civilian labor force that is unemployed but actively seeking work

True More test answers on https://studyhippo.com/mid-term-macroeconomic-chapter-16/

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