Question Details

An increase in the number of discouraged workers will  



1. Suppose the population over age 15 is 25 million, the participation rate is 80 percent, the number of people with full-time jobs is 16 million, and the number of people with part-time jobs is two million. If the number of discouraged workers increases by one million, what does the measured unemployment rate become? 
a) 5% or less b) more than 5% but less than 10% 11 
c) 10% or more but not more than 12% d) more than 12% 
2. Suppose the population over age 15 is 150 million, the participation rate is 60 percent, and the unemployment rate is 10 percent. If the number of encouraged workers increases by 2 million, the participation rate becomes 
a) 59% or less b) greater than 59% but less than 60% 
c) 60% or more, but not more than 61% d) greater than 61% 
3. Suppose the population over age 15 is 150 million, the participation rate is 60 percent, and the unemployment rate is 10 percent. If the labor force grows by 3 percent and employment grows by 2 percent, what does the unemployment rate become? 
a) less than or equal to 10% b) more than 10% but not more than 10.5% 
c) more than 10.5% but not more than 11% d) more than 11% 
4. Suppose the CPI is calculated assuming that one-quarter of expenses is for health, transportation, and entertainment, and three-quarters for all other items. When the prices of items in the first category double and the prices of all other items quadruple, then 
a) the CPI overstates the change in the cost of living 
b) the CPI understates the change in the cost of living 
c) the CPI provides an accurate measure of the change in the cost of living 
d) there is not enough information given to determine the CPI accuracy 
5. An increase in the number of discouraged workers will  
a) decrease the measured level of unemployment 
b) increase the measured level of unemployment 
c) not affect the measured level of unemployment, but change the participation rate 
d) have no effect on either measured unemployment or the participation rate




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