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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Civilian Labor Force Flashcards, test questions and answers

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What is Civilian Labor Force?

Civilian labor force is an important part of the economy, providing businesses and industries with workers to help them create products, perform services, and meet customer demands. It is made up of individuals who are employed by businesses or other organizations for pay, as well as those who are actively searching for work.The size of the civilian labor force depends on a variety of factors including population growth and demographic shifts. As the population grows, so does the number of people looking for work. Additionally, changes in people’s educational background and job preferences can also affect the size of the civilian labor force. For example, if more people pursue advanced degrees or switch to jobs in fields outside their area of expertise, it can increase demand for workers with particular skill sets or qualifications.The U.S. Bureau of Labor Statistics (BLS) tracks data related to employment trends in order to provide insight into how these various factors impact the overall civilian labor force at any given time. This information is used by government agencies and private employers alike when making decisions about hiring practices and other aspects related to workforce management. The BLS also publishes regular reports that detail national employment levels along with statistics related to specific occupations and industries within certain regions or states throughout America. Overall, understanding civilian labor forces helps give employers a better idea about what types of skills will be needed in their respective workplaces going forwardso they can make informed decisions about hiring practices that will lead to a successful business outcome overall.

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