GE Chapter 09 solutions_fmt

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1、Chapter9

2、EmploymentandUnemployment117Chapter9EmploymentandUnemploymentQuestions1.UnemploymentstatisticsaremeasuredandreleasedbytheBureauofLaborStatistics(BLS),adivisionoftheU.S.DepartmentofLabor.a.WhendoestheBureauofLaborStatistics(BLS)officiallyclass

3、ifyapersonasbeingemployed?Whenarepotentialworkersclassifiedasbeingunemployed?b.Whatdothefollowingtermsmeanandhowaretheycalculated?i.Theunemploymentrateii.ThelaborforceparticipationrateAnswer:a.AccordingtotheBLS,apersonwhoisapartoftheciviliannon-instit

4、utionalpopulationaged16andoverandholdsafull-timeorpart-timepaidjobisconsideredemployed.Apotentialworkerisconsideredunemployedifheorshedoesnothaveapaidjob,hasactivelylookedforworkinthepriorfourweeks,andiscurrentlyavailableforwork.b.i.Theunemploymentrat

5、eisdefinedasthepercentageofthelaborforcethatisunemployed:ii.Thelaborforceparticipationrateisdefinedasthepercentageofthepopulationofpotentialworkersthatisinthelaborforce:A-head:MEASURINGEMPLOYMENTANDUNEMPLOYMENTConcept:Measuringemploymentandunemploymen

6、t2.Explainwhethereachoftheseindividualswillbecountedasapartofthelaborforce.a.Janeisworkingfull-timetowardaPh.D.inphilosophy,butvolunteersatnursinghomesduringherspareweekends.b.Kristenleftherfull-timejobasajournalisttospendmoretimewithherkids,andnowmak

7、essomeincomeworkingpart-timeforachildren’smagazine.c.Inthepastfourweeks,Harrydidnotrespondtoacallfromafirmseekingtointerviewhimforajobopening.Butherecentlyappliedforanotherjobthathefeelswillbettersuithisqualifications.©2015PearsonEducation,Inc.Chapter

8、9

9、EmploymentandUnemployment117Answer:a.Janewillnotbeincludedinthelaborforcebecausesheisastudentwhoisdoingunpaidwork.b.Kristenwillbeincludedinthelaborforcebecausesheisworkingparttimeandisgettingpaidforherwork.c.Althoughhedidnotrespondtotheinterviewcall

10、,Harrywillbeincludedinthelaborforcebecauseheisapplyingforotherjobs.A-head:MEASURINGEMPLOYMENTANDUNEMPLOYMENTConcept:Laborforceparticipation3.ConsiderExhibit9.2.Whatwerethetwohighestratesofunemploymentsince1948?Whendidtheyoccur?Answer:Thetwohig