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Chapter 21

ECON 1010 Chapter Notes - Chapter 21: Labour Force Survey, Severance Package, Full Employment


Department
Economics
Course Code
ECON 1010
Professor
John Paschakis
Chapter
21

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University of Lethbridge — Department of Economics
ECON 1012 — Introduction to Microeconomics
Instructor: Michael G. Lanyi
Chapter 21 — Jobs & Infl
1)
The working
-
age population is the total number of people
A)
in the labour force, aged 15 years and over, and employed.
B)
in the labour force.
in the labour force, aged 15 years and over.
D)
aged 15 years and over.
E)
in the labour force who are employed.
Topic:
Employment and Unemployment
2)
Which one of the following people would be counted as unemployed in Canada?
A)
Kathy has stopped looking for work since she was unable to find a suitable job during a one
-
month
search.
B)
Sharon is a college student with a job.
Benoit who was laid off when his firm closed down 2 months ago and has not been looking for work as
he is going back to school.
D)
Christos has been laid off from his job a month ago, and has not been looking for a new job as he is
waiting for a severance package from his former employer.
E)
Veena is not working, but she is looking for a full
-
time job.
Topic:
Employment and Unemployment
3)
Which one of the following people would be counted as unemployed in Canada?
A)
Sharon recently began looking for work after staying at home for 10 years to look after her children.
B)
Maurice is on a 2 month vacation out of the country but is still looking for a job using the internet.
Kanhaya has stopped looking for work since he was unable to find a suitable job during a two
-
month
search.
D)
Doris works only 5 hours a week but is looking for a full
-
time job.
E)
Taylor is a homemaker.
Topic:
Employment and Unemployment
4)
Which one of the following people would be counted as unemployed in Canada?
A)
Ruth is a 14
-
year
-
old student and has been looking for an after
-
school job every day for the past month.
B)
Ron has quit looking because he believes that there is no work available for him.
Simone is currently working but expects to be laid off by the end of the month, before next month's
survey can be completed.
D)
Sarah has been looking for a job but is taking a month
-
long break from the job
-
seeking effort due to her
lack of skills.
E)
Rebekah is a recent graduate looking for work.
Topic:
Employment and Unemployment
1

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5)
Which one of the following people would be counted as unemployed in Canada?
A)
a person who has been seeking a job for the last six months, but recently gave up looking because he was
discouraged by his job prospects
B)
a person who will be starting a new job in 6 months
a person who has been laid off for 10 weeks and is not looking for a job because he is waiting to be called
back to his old job
D)
a person who expects to be laid off by the end of the month before next month's survey can be completed
E)
a part
-
time worker who repeatedly expresses a desire to become a full
-
time worker
Topic:
Employment and Unemployment
6)
The labour force is
A)
the total number of people employed.
B)
the total number of people in the working
-
age population who are either employed or unemployed.
the total number of people in the working
-
age population who are employed.
D)
the total number of people aged 15 years and over.
E)
none of the above.
Topic:
Employment and Unemployment
7)
The unemployment rate is defined as the number of
A)
unemployed people divided by the number of employed people.
B)
unemployed people divided by the sum of the people employed and the people unemployed.
employed people divided by the number of people in the country.
D)
unemployed people divided by the number of people in the country who are employed.
E)
unemployed people divided by the number of people in the country.
Topic:
Employment and Unemployment
8)
Counting
involuntary part
-
time workers as unemployed would
A)
raise the full employment rate.
B)
not change the actual unemployment rate.
raise the natural unemployment rate.
D)
raise the measured unemployment rate.
E)
lower the measured unemployment rate.
Topic:
Employment and Unemployment
9)
Who of the following would be counted as unemployed in Canada?
A)
Sharon is a college student with no job.
B)
Doris only works five hours a week but is looking for a full
-
time job.
Maurice has been laid off from his job for 20 weeks but expects to be called back soon.
D)
Bogdan has been laid off from his job but does not expect to be called back, and is not looking.
E)
Kanhaya has stopped looking for work since he was unable to find a suitable job during a two
-
month
search.
Topic:
Employment and Unemployment
2

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10)
Who of the following would be counted as unemployed in Canada?
A)
Vik, who has been staying at home watching "The Old and the Boring" soap opera, and not searching
since he was laid off at the flour mill.
B)
James, who is a full
-
time student looking for a part
-
time job.
Emmanuel, who lost his job at the steel plant when an automated assembly line was introduced six
months ago, and has been job searching every day.
D)
Caitlin, who is 14 years old, and looking for a babysitting job.
E)
Youngmin, who is a part
-
time hamburger flipper looking for a full
-
time job.
Topic:
Employment and Unemployment
11)
If the working
-
age population increases, then
A)
the labour force participation rate will increase.
B)
the total number of people aged 15 years and above will increase.
the number of people employed will increase.
D)
the size of the labour force will increase.
E)
the unemployment rate will increase.
Topic:
Employment and Unemployment
12)
In a country with a working
-
age population of 20 million, 13 million are employed, 1.5 million are
unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. The
size of the labour force is
A)
20 million.
B)
11.5 million.
13 million.
D)
15.5 million.
E)
14.5 million.
Topic:
Employment and Unemployment
13)
In a country with a working
-
age population of 20 million, 13 million are employed, 1.5 million are
unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. The
labour force participation rate is
A)
72.5 percent.
B)
57.5 percent.
65 percent.
D)
75.5 percent.
E)
none of the above.
Topic:
Employment and Unemployment
14)
In a country with a working
-
age population of 22 million, 16 million are employed, 2 million are unemployed,
and 1 million of the employed are working part-time, half of whom wish to work full-time. The
unemployment rate is
A)
15.4 percent.
B)
10 percent.
10.3 percent.
D)
11.1 percent.
E)
none of the above.
Topic:
Employment and Unemployment
3
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