Mod 12 Practice Quiz

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First name *

Last name *

SCHOOL email address *

EXAMPLE: bbernanke2134@stu.d214.org

Class period *

1st

2nd

3rd

4th

5th

6th

7th

8th

1. To be considered unemployed, a person must: I. not be working. II. Seeking a job. III. Be available to work *

1 point

a. I only

b. II only

c. III only

d. II & III

e. I, II & III

2. What is the labor force participation rate? *

Refer to table above

1 point

a. 70%

b. 50%

c. 20%

d. 10%

e. 5%

3. How many people are unemployed? *

1 point

a. 10,000

b. 20,000

c. 30,000

d. 100,000

e. 110,000

4. What is the unemployment rate? *

1 point

a. 70%

b. 50%

c. 20%

d. 10%

e. 5%

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

1 point

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

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