Multiple Choice
The ________ is the total number of people aged 16 years and older (and not in jail, hospital or institutional care) while the ________ is the number of people employed and the unemployed.
A) labor force; working-age population
B) labor force participation rate; labor force
C) working-age population; labor force
D) working-age population; labor force participation rate
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Using the definition of unemployment, which of
Q33: Consider the following statement: "Real GDP and
Q34: Structural unemployment<br>A) falls during the expansion phase
Q35: A recession causes a decrease in the
Q36: The labor force includes<br>A) only the number
Q38: The percentage of people employed aged 16
Q39: The labor force is the sum of
Q40: How does the unemployment rate change in
Q41: If the number of people unemployed is
Q42: If the economy enters a recession<br>A) frictional