Title: QUIZ: The Unemployment Rate Explained -- Fed Explained Video Series
Course: Kelly's Copy-Export Course > Section: The Unemployment Rate Explained -- Fed Explained Video Series

Q: The employment rate is best represented by the formula:
- The labor forced divided by the adult population.
- The number of employed plus the number of unemployed.
- The number of employed divided by the labor force times one hundred.
- The number of unemployed divided by the labor force times one hundred. 
A: The number of employed divided by the labor force times one hundred.

Q: In the United States, economic indicators are most often used to
- set output targets for companies.
- measure the health of the economy.
- evaluate the effectiveness of government policies.
- make hiring decisions at the Bureau of Labor Statistics.
A: measure the health of the economy.

Q: Of the following people, who would be included in the survey conducted by the Bureau of Labor Statistics?
- Retirees
- Children
- Soldiers
- Prisoners
A: Retirees

Q: To be counted as unemployed by the Bureau of Labor Statistics, someone must
- be looking for a job.
- be a worker between the ages of 14 and 65.
- have been fired by previous employer.
- have received no pay for work the previous month.
A: be looking for a job.

Q: Read the scenarios and choose the situation that describes someone who is currently in the labor force.
- Brandon is building an invention in his garage. Right now, he is not earning any income, and gave up hopes to launch a new business.
- Josue is trained as a highly specialized medical researcher. Only one employer in the city hires his specialty and there are currently no openings. Josue is not currently looking for a job since he knows no one is hiring.
- Priya was fired three months ago for excessive tardiness to work.  Since then, she has been looking for another job but has not yet found one.
- Giselle worked at a local bank for 30 years and retired two months ago. She is planning a second career and is currently taking computer classes at the local community college. She hopes to seek a new job at the end of the semester.
A: Priya was fired three months ago for excessive tardiness to work.  Since then, she has been looking for another job but has not yet found one.

Q: One group of people the Bureau of Labor Statistics includes in the “marginally attached” category is
- retirees.
- homemakers.
- full-time students.
- discouraged workers.
A: discouraged workers.

Q: The Alternative Measure of Labor Underutilization is
- the best way to find out what type of part-time jobs people hold.
- considered by economists to be more accurate than the unemployment rate.
- the best way to predict which job categories are going to grow and decline in the future.
- helpful in understanding the differences in the types of unemployment people are experiencing.
A: helpful in understanding the differences in the types of unemployment people are experiencing.

Q: Imagine you are an economist in the country of Utopia. If the number of people in the adult, civilian, non-institutionalized people is 80, the number of employed people is 55, and the number of unemployed people is 5, then the unemployment rate for Utopia is ______.
- 6.3%
- 6.9%
- 7.5%
- 8.3%
A: 8.3%

Q: Even if employers have not eliminated jobs from their payrolls, unemployment could rise if
- discouraged workers become more optimistic about finding a job and begin looking for work.
- the Medicare eligibility age is lowered, so more people decide to retire early.
- in a recession, fewer people quit their jobs because they believe another one will be harder to find.
- more people go to college full-time, delaying their entry into the labor force.
A: discouraged workers become more optimistic about finding a job and begin looking for work.

Q: The largest group of people counted as “not in the labor force” by the Bureau of Labor Statistics is
- retirees.
- students.
- homemakers.
- discouraged workers.
A: retirees.