I’ll provide answers after 5 responses. 1) Unemployment Rate is A) number of Unemployed divided by labor force B) labor force divided by working age population C) number of employed divided by working age population 2) Labor Force participation rate is: A) labor force divided by age population B) labor force divided by number of employed C) labor force divided by working age population 3) Employment to population ratio is: A) number of employed divided by labor force B) labor force divided population C number of employed divided working age population 4) Working-age population is: A) 16 years old or older not living in institution B) 18 years old or older, but less than 65 years old C) 21 years old or older not living with parents 5) Labor force is: A) Unemployed, but actively seeking empolyment B) Employed within the last one month C) Unemployed or employed actively seeking jobs
A C C A C
A C C B C
A C C B C
A C C A C
A C C A C
Patkeenan and Giristide only missed one question (#4). Everyone else got them all. Nice job all! Answers below: 1) A number of Unemployed divided by labor force 2) C labor force divided by working age population 3) C number of employed/ working-age population 4) A 16 years old or older not living in institution 5) C Unemployed or employed actively seeking jobs
My answers were A,C,A,A,C So I got #3 wrong…after looking at the question again it makes sense why instead of using the general labor force, you use the statistic which represents all those able to work. Good set Damil4Real, thanks!!!