Question

QUESTION 8

1. Unemployment insurance

	a.	reduces the hardship of unemployment, but it also increases the amount of unemployment.
	b.	reduces the incentive for the unemployed to find and take new jobs.
	c.	causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.
	d.	All of the above are correct.

10 points   

QUESTION 9

1. Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were employed?

	a.	34.5 million
	b.	2.76 million
	c.	42.32 million
	d.	31.74 million

10 points   

QUESTION 10

1. According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?​

	a.	Black females had lower labor-force participation rates and higher unemployment rates compared to white females.
	b.	Black females had similar labor-force participation rates and higher unemployment rates compared to white females.
	c.	Black females had both lower labor-force participation rates and lower unemployment rates compared to white females.
	d.	Black females had higher labor-force participation rates and lower unemployment rates compared to white females. Every month when the Bureau of Labor Statistics (BLS) announces the unemployment rate, it also announces the number of jobs the economy has gained or lost. Where does the BLS get the data about jobs? a. from the survey of 60,000 households, which is called the Current Population Survey b. from the Establishment Survey that measures both frictional and structural unemployment c. from the survey of 160,000 business that have over 40 million workers on their payrolls d. from the Congressional Budget Office, which also calculates the GDP of the United States Show me how to solve the problem.

Answer 1

8. Unemployment insurance reduces the hardship of unemployment , but it also increases the amount of unemployment , reduces the incentive for the unemployed to find and take new jobs , cause workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of unemployment. Hence,option(D) is correct.

9. Labor force participation rate = LF/adult population

0.75 = LF/46 million

Labor force = (0.75)(46 million) = 34.5 million

Unemployment rate = Unemployed/Labor force

0.08= (unemployed/ 34.5 million)

Unemployed = (0.08)(34.5)= 2.76 million

Employed = Labor force - Unemployed

Employed = (34.5 - 2.76 ) Million = 31.74 million.

Hence,option(D) is correct i.e employed people =31.74 million.

10. Black males had similar labor-force participation rates and higher unemployment rate compared to white females.Hence, option(B) is correct.

11.The BLS gets the data about jobs from the survey 160,000 business that have over 40 million workers in their payroll. Hence,option(C) is correct.