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2 Understanding Unemployment Online Quiz Questions

Use this free practice quiz with 20 questions to review 2 Understanding Unemployment, test your knowledge, and prepare for your next test or exam.

20 questions
01
Choose one
1 point

A person works part time but would prefer a full-time job. How is this person classified in the Current Population Survey?

  1. A

    Unemployed, because the job is not full time

  2. B

    Employed, because the person is working

  3. C

    Outside the labor force, because the person wants more hours

  4. D

    Unemployed, unless the person receives unemployment-insurance benefits

02
Fill in the blank
1 point

Complete the labor-force identity: labor force = + .

03
True or false
1 point

True or false: The official unemployment rate is the percentage of the entire population that has no job.

  1. A

    True

  2. B

    False

04
Fill in the blank
1 point

Complete the formula: labor-force participation rate = labor force ÷ × 100.

05
Choose one
1 point

A worker's industry has contracted, and the worker needs retraining to qualify for jobs in a growing field. Which type of unemployment best describes this situation?

  1. A

    Frictional unemployment

  2. B

    Seasonal unemployment

  3. C

    Structural unemployment

  4. D

    Cyclical unemployment

06
Choose all
1 point

Select all conditions that can qualify someone as officially unemployed under the U.S. definition.

  1. A

    The person had no job during the reference week.

  2. B

    The person was available for work.

  3. C

    The person received unemployment-insurance benefits.

  4. D

    The person actively searched in the previous four weeks, or was temporarily laid off and waiting to be recalled.

07
True or false
1 point

True or false: If discouraged people stop actively searching for work, the unemployment rate can fall even when their employment situation has not improved.

  1. A

    True

  2. B

    False

08
Choose all
1 point

Select all groups included in U-6.

  1. A

    The people included in U-3

  2. B

    All marginally attached workers

  3. C

    Everyone who works part time, whatever their reason

  4. D

    People working part time for economic reasons

09
Open ended
1 point

Explain how the labor-force participation rate and the employment-population ratio differ, and why they can add useful context to the unemployment rate.

10
Choose one
1 point

During an economy-wide downturn, many businesses reduce hiring and lay off workers. Which type of unemployment is most directly associated with this pattern?

  1. A

    Frictional unemployment, because workers are changing jobs

  2. B

    Cyclical unemployment, because weaker economic activity reduces hiring

  3. C

    Structural unemployment, because workers necessarily lack suitable skills

  4. D

    Seasonal unemployment, because demand changes at predictable times of year

11
Choose one
1 point

A person works part time during the survey reference week and would prefer a full-time job. How is this person classified in the Current Population Survey?

  1. A

    Employed

  2. B

    Unemployed

  3. C

    Not in the labor force

12
Choose one
1 point

A worker loses a job when their industry contracts. Available jobs are growing in another field, but the worker needs retraining to qualify for them. Which type of unemployment best describes this situation?

  1. A

    Frictional unemployment

  2. B

    Structural unemployment

  3. C

    Cyclical unemployment

  4. D

    Seasonal unemployment

13
True or false
1 point

Under the official U.S. definition, a person must receive unemployment-insurance benefits to be counted as unemployed.

  1. A

    True

  2. B

    False

14
Choose one
1 point

Which group is included in U-6 in addition to groups counted in narrower labor-underutilization measures?

  1. A

    People who have been unemployed for a year or more

  2. B

    Everyone who is not working, whether or not they want a job

  3. C

    People working part time for economic reasons

  4. D

    All retirees who are not seeking work

15
Choose one
1 point

A person wants a job, is available to work, and searched during the past year, but did not search in the last four weeks because they believe suitable jobs are unavailable. How are they classified in official unemployment statistics?

  1. A

    Officially unemployed, because they want a job and are available

  2. B

    Not in the labor force, because they did not search in the last four weeks

  3. C

    Employed, because they searched within the past year

  4. D

    Officially unemployed only if they receive unemployment-insurance benefits

16
Written response
1 point

What is the full standard name of the measure that shows what share of the civilian noninstitutional population age 16 and older is employed or actively looking for work?

17
Choose one
1 point

Which calculation gives the employment-population ratio?

  1. A

    Employed people divided by the civilian noninstitutional population age 16 and older

  2. B

    Unemployed people divided by the labor force

  3. C

    The labor force divided by employed people

  4. D

    The labor force divided by the total population, including children

18
Written response
1 point

A town has 44 unemployed people and a labor force of 550 people. What is its U-3 unemployment rate? Give the exact percentage-point value.

19
Written response
1 point

A worker leaves one job and spends time looking for a more suitable position. What type of unemployment describes this situation?

20
Written response
1 point

What statistical treatment can help distinguish recurring calendar patterns in tourism or agricultural employment from other changes?