1 for specific request mail
Econ B252 - Quiz Overview Questions and Correct
Answers | Latest Update
Which of the following individuals will not be a part of the U.S. labor
force?
Ans: An unemployed computer worker who has given up looking for a
job.
A worker who decides to quit their job and go to law school full time is
considered to be
Assignment Expert
Ans: not in the labor force.
Guru01 - Stuvia
Employment: 113,614
Unemployment: 16,984
Adult Population: 266,578
2026
Based on the information above, calculate the size of the labor force.
©
Ans: 113,614 + 16,984 = 130,598
Suppose there are 2,061 people in the labor force. 278 workers are
employed full time but were unemployed last month. Additionally, 95
workers had jobs last month but were laid off and have not found work
yet. 75 workers lack skills that employers desire and have not been
working for months; they are looking for jobs, though. 74 people are not
working due to an overall decline in the economy and 86 workers are not
working during this season. 68 workers quit their job and have not found
a new one yet. Finally, 435 workers are working part time but would like
full time work.
Based on this information, calculate the current unemployment rate.
Hint: All unemployed workers are looking for work. There are no
discouraged workers in this example. Answer this as a percentage and
, 2 for specific request mail
round your answer to two digits after the decimal without the percentage
sign. ex. If you found the rate to be 5.125%, answer 5.13.
Ans: ((95+75+74+86+68)/2061) = 19.31%
Employment: 111,512
Unemployment: 18,532
Adult Population: 292,340
Based on the information above, calculate the unemployment rate.
Answer this as a percentage and round your answer to two digits after
Assignment Expert
the decimal without the percentage sign. ex. If you found the rate to be
5.125%, answer 5.13.
Guru01 - Stuvia
Ans: 18,532 / (111,512 + 18,532) = 14.25
Worker was fired from his job at the zoo after giving one of the monkeys
to a German visitor. He is looking for another job now. He is
2026
Ans: frictionally unemployed.
©
What type of unemployment would occur from a recent graduate not
accepting offers from various investment banks because she wants to
work for the right company?
Ans: frictional unemployment
Which of the following best describe an increase in structural
unemployment?
Ans: People must undergo a long retraining process in new skills after
losing their jobs.
A welder loses his job when the factory is replaced with a hospital
looking for specially trained nurses. This is an example of structural
unemployment.
, 3 for specific request mail
Ans: Structural
What type of unemployment would occur from a cashier replaced by a
robot?
Ans: structural unemployment
What type of unemployment would occur from a worker recently moving
to a new city and looking for work?
Ans: frictional unemployment
Employment: 142,592
Assignment Expert
Unemployment: 17,959
Guru01 - Stuvia
Adult Population: 276,986
Based on the information above, calculate the labor force participation
rate. Answer this as a percentage and round your answer to two digits
2026
after the decimal without the percentage sign. ex. If you found the rate to
be 5.125%, answer 5.13.
©
Ans: (142592 + 17959) / 276986 = 57.96%
Suppose there are 5,126 people in the labor force. 749 workers are
employed full time but were unemployed last month. Additionally, 198
workers had jobs last month but were laid off and have not found work
yet. 182 workers lack skills that employers desire and have not been
working for months; they are looking for jobs, though. 176 people are
not working due to an overall decline in the economy and 104 workers
are not working during this season. 196 workers quit their job and have
not found a new one yet. Finally, 945 workers are working part time but
would like full time work.
Based on this information, calculate the natural unemployment rate.
Answer this as a percentage and round your answer to two digits after
Econ B252 - Quiz Overview Questions and Correct
Answers | Latest Update
Which of the following individuals will not be a part of the U.S. labor
force?
Ans: An unemployed computer worker who has given up looking for a
job.
A worker who decides to quit their job and go to law school full time is
considered to be
Assignment Expert
Ans: not in the labor force.
Guru01 - Stuvia
Employment: 113,614
Unemployment: 16,984
Adult Population: 266,578
2026
Based on the information above, calculate the size of the labor force.
©
Ans: 113,614 + 16,984 = 130,598
Suppose there are 2,061 people in the labor force. 278 workers are
employed full time but were unemployed last month. Additionally, 95
workers had jobs last month but were laid off and have not found work
yet. 75 workers lack skills that employers desire and have not been
working for months; they are looking for jobs, though. 74 people are not
working due to an overall decline in the economy and 86 workers are not
working during this season. 68 workers quit their job and have not found
a new one yet. Finally, 435 workers are working part time but would like
full time work.
Based on this information, calculate the current unemployment rate.
Hint: All unemployed workers are looking for work. There are no
discouraged workers in this example. Answer this as a percentage and
, 2 for specific request mail
round your answer to two digits after the decimal without the percentage
sign. ex. If you found the rate to be 5.125%, answer 5.13.
Ans: ((95+75+74+86+68)/2061) = 19.31%
Employment: 111,512
Unemployment: 18,532
Adult Population: 292,340
Based on the information above, calculate the unemployment rate.
Answer this as a percentage and round your answer to two digits after
Assignment Expert
the decimal without the percentage sign. ex. If you found the rate to be
5.125%, answer 5.13.
Guru01 - Stuvia
Ans: 18,532 / (111,512 + 18,532) = 14.25
Worker was fired from his job at the zoo after giving one of the monkeys
to a German visitor. He is looking for another job now. He is
2026
Ans: frictionally unemployed.
©
What type of unemployment would occur from a recent graduate not
accepting offers from various investment banks because she wants to
work for the right company?
Ans: frictional unemployment
Which of the following best describe an increase in structural
unemployment?
Ans: People must undergo a long retraining process in new skills after
losing their jobs.
A welder loses his job when the factory is replaced with a hospital
looking for specially trained nurses. This is an example of structural
unemployment.
, 3 for specific request mail
Ans: Structural
What type of unemployment would occur from a cashier replaced by a
robot?
Ans: structural unemployment
What type of unemployment would occur from a worker recently moving
to a new city and looking for work?
Ans: frictional unemployment
Employment: 142,592
Assignment Expert
Unemployment: 17,959
Guru01 - Stuvia
Adult Population: 276,986
Based on the information above, calculate the labor force participation
rate. Answer this as a percentage and round your answer to two digits
2026
after the decimal without the percentage sign. ex. If you found the rate to
be 5.125%, answer 5.13.
©
Ans: (142592 + 17959) / 276986 = 57.96%
Suppose there are 5,126 people in the labor force. 749 workers are
employed full time but were unemployed last month. Additionally, 198
workers had jobs last month but were laid off and have not found work
yet. 182 workers lack skills that employers desire and have not been
working for months; they are looking for jobs, though. 176 people are
not working due to an overall decline in the economy and 104 workers
are not working during this season. 196 workers quit their job and have
not found a new one yet. Finally, 945 workers are working part time but
would like full time work.
Based on this information, calculate the natural unemployment rate.
Answer this as a percentage and round your answer to two digits after
