Reference no: EM132191784

1) An advantage of the establishment survey over the household survey of the labor market is that the establishment survey A)includes persons employed at newly opened firms. B)includes the number of self-employed persons. C)is based on actual payrolls, rather than on unverified answers. D)provides an estimate of the number of persons unemployed.

2) If the employment-population ratio in 2015 was at the same level as it was in 2006, A) an additional 8 million people would have been working in 2015 than actually were B).the same number of people would have been working in 2015 as were working in 2006. C) the number of employed people in 2015 would not have been different. D)3.5 million fewer people would have been working in 2015 than actually were.

3) If the number employed is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is A)5%. B) 5.2%. C) 8% D)10%. E)50%.

4) Jack was unemployed two weeks ago but just started a new job. As a result of this increase in the number of employed workers, which of the following occurred? A)The unemployment rate increased. B)The labor force participation rate increased. C)The labor force participation rate decreased. D)The unemployment rate decreased.

5. Which of the following would reduce the labor force participation rate, all else equal? A)an increase in the working-age population B)an increase in the unemployment rate C)a decrease in the unemployment rate D)an increase in the number of people in the labor force