Question 1

The labor force equals the sum of the employed and the unemployed.

Accepted Answer

This is the basic definition of the labor force.

Question 2

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The labor force of Tajnia in 2015 is 10,000.

Accepted Answer

There is no Table 28-11 provided, so the labor force of Tajnia in 2015 cannot be determined.

Question 3

The labor force minus the number of employed equals the number of unemployed.

Accepted Answer

This is the basic definition of unemployment, where it equals the labor force minus the number of employed individuals.

Question 4

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The labor force of Tajnia in 2015 is 12,250.

Accepted Answer

The labor force of Tajnia in 2015 is 12,250, as stated in the given question.

Question 5

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for groups based on age, gender, and race.

Accepted Answer

The Bureau of Labor Statistics does compute labor-force participation rates for the entire adult population and for various demographic groups.

Question 6

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Accepted Answer

Retirees are not considered part of the labor force because they are not actively seeking employment. Therefore, they are included in the "not in the labor force" category.

Question 7

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The labor-force participation rate of Tajnia in 2015 is about 40.8 percent.

Accepted Answer

The table shows that the labor-force participation rate of Tajnia in 2015 was 40.8%.

Question 8

The unemployment rate equals the percentage of the adult population that is unemployed.

Accepted Answer

The unemployment rate equals the percentage of the labor force that is unemployed, not the percentage of the adult population. The labor force only includes those actively seeking employment, not the entire adult population.

Question 9

The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

Accepted Answer

The labor-force participation rate actually tells us the fraction of the population that is either working or actively looking for work, not just those who are able to participate.

Question 10

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The unemployment rate of Tajnia in 2015 is about 18.4 percent.

Accepted Answer

The unemployment rate of Tajnia in 2015 is 18.4 percent, as shown in Table 28-11.

Question 11

The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for groups based on age, gender, and race.

Accepted Answer

The Bureau of Labor Statistics does compute unemployment rates for the entire adult population and for various demographic groups.

Question 12

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Accepted Answer

The answer of The labor-force participation rate equals the percentage...

Question 13

The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

Accepted Answer

The labor-force participation rate measures the percentage of the civilian non-institutionalized population that is either employed or actively seeking employment. It is a measure of the percentage of the population that is in the labor force.

Question 14

The labor-force participation rate equals the percentage of the total adult population that is in the labor force.

Accepted Answer

The labor-force participation rate is defined as the percentage of the total adult population that is in the labor force, which includes both employed and unemployed individuals who are actively seeking employment. Therefore, the statement is true.

Question 15

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The labor-force participation rate of Tajnia in 2015 is about 33.3 percent.

Accepted Answer

The labor-force participation rate is calculated by dividing the labor force by the adult population and multiplying by 100. Without the specific numbers from Table 28-11, we cannot determine the exact rate.

Question 16

If the number of people unemployed rose but the number of people employed and the adult population stayed the same, then the labor force participation rate would rise.

Accepted Answer

The answer of If the number of people unemployed rose...

Question 17

The unemployment rate equals the percentage of the labor force that is unemployed.

Accepted Answer

This statement is true. The unemployment rate is calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100 to get a percentage.

Question 18

The labor-force participation rate equals the percentage of the labor force that is employed.

Accepted Answer

The labor-force participation rate equals the percentage of the total civilian non-institutional population that is in the labor force, whether employed or unemployed. It is calculated by dividing the labor force by the total civilian non-institutional population.

Question 19

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The total adult population of Tajnia in 2015 is 30,000.

Accepted Answer

The table shows that the total adult population of Tajnia in 2015 is 30,000.

Question 20

Table 28-11
2015 Labor Data for Tajnia 
-Refer to Table 28-11. The unemployment rate in Tajnia in 2015 is about 7.5 percent.

Accepted Answer

I do not have access to Table 28-11 or specific data about Tajnia's unemployment rate in 2015.

Quiz 28: Unemployment and Its Natural Rate

The labor force equals the sum of the employed and the unemployed.

Table 28-11 2015 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2015 is 10,000.

The labor force minus the number of employed equals the number of unemployed.

Table 28-11 2015 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2015 is 12,250.

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for groups based on age, gender, and race.

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Table 28-11 2015 Labor Data for Tajnia -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2015 is about 40.8 percent.

The unemployment rate equals the percentage of the adult population that is unemployed.

The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

Table 28-11 2015 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2015 is about 18.4 percent.