Tackle the Test: Multiple-Choice Questions

1. Question

   To be considered unemployed, a person must

   
   

   
   

   1. not be working.

      
      
   
   

   2. be actively seeking a job.

      
      
   
   

   3. be available for work.
      

      
      
   
   

   A.

   I only

   B.

   II only

   C.

   III only

   D.

   II and III

   E.

   I, II, and III

   To be considered unemployed, a person must

2. Question

   Use the information for a hypothetical economy presented in the following table to answer questions 2, 3, and 4.

   
   

   
   

   
   

   Population age 16 and older = 200,000 Labor force = 100,000 Number of people working part time = 20,000 Number of people working full time = 70,000

   
   

   
   

   What is the labor force participation rate?

   A.

   70%

   B.

   50%

   C.

   20%

   D.

   10%

   E.

   5%

   Use the information for a hypothetical economy presented in the following table to answer questions 2, 3, and 4.

3. Question

   How many people are unemployed?

   A.

   10,000

   B.

   20,000

   C.

   30,000

   D.

   100,000

   E.

   110,000

   How many people are unemployed?

4. Question

   What is the unemployment rate?

   A.

   70%

   B.

   50%

   C.

   20%

   D.

   10%

   E.

   5%

   What is the unemployment rate?

5. Question

   The unemployment problem in an economy may be understated by the unemployment rate due to

   A.

   people lying about seeking a job.

   B.

   discouraged workers.

   C.

   job candidates with one offer but waiting for more.

   D.

   overemployed workers.

   E.

   none of the above.

   The unemployment problem in an economy may be understated by the unemployment rate due to