unemployment math
There are 80 million people employed, 20 million people unemployed, and 25 million people out of the labor force. The labor force participation rate is:
What is (100/125)x100
80%
Ron quit his job in retail management and moved to Florida with his wife, a physician who opened a new practice there. He was not successful in his job search for the next four months. Ron's unemployment is known as:
What is frictional unemployment
The natural rate of unemployment is known as this
What is the remaining level of unemployment that occurs even when the economy is healthy?
What percentage of us presidents have served in the army?
45%
A survey reveals that on a small island 100 people have jobs, 25 people are looking for jobs, and 45 people are neither working nor looking for work. The unemployment rate on the island is:
What is 20%
Fred Flintstone was laid off at the quarry because the nation is suffering from a recession
What is cyclical
When individuals who are trained or skilled for one type or level of work work in a lower-paying job or one that does not utilize their skills it is known as:
In what year did Michelangelo finish painting the ceiling of the Sistine Chapel?
1450
If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is:
What is 10%
Peter Pan was fired from his job at the Peanut Butter factory because he is being replaced by RoboCop (a more efficient peanut butter machine)
Structural
List three causes of structural unemployment:
What are technological changes, a lack of skills, Job moving overseas to another country, Globalization, Consumer preferences
How many pounds does an empty Boeing 747 weigh?
404,600
Assume that the adult population of a city is 500,000. It has 360,000 people employed, 40,000 unemployed, and 100,000 not in the labor force. What is this city's labor force participation rate?
What is 80%
The Easter Bunny is looking for job since he ran out of eggs when they became scarce eggs during the current recession
What is cyclical?
Frictional unemployment can be the consequence of
Select one:
a. workers leaving existing jobs to find ones they like better.
b. one industry declining while another is growing.
c. changes in the working conditions offered by competing firms.
d. All of the above are correct
D
How many different variations of apples are there?
7,500
There are 400,000 working-age civilians, 10,000 looking for work, 150,000 full-time employed, 40,000 part-time employed, and 50,000 discouraged workers. The labor force participation rate is:
What is 50%
When Dorothy had children, she decided to quit her job in advertising to stay home and raise them until they start school.
Out of the labor force
The efficiency wage theory is known as this.
What is workers' productivity depends on their pay, and so employers will often find it worthwhile to pay their employees somewhat more than market conditions might dictate?
In what year did Adam Smith first publish "The Wealth Of Nations", his book on capitalist economics?
1776