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7. Suppose the number of people who retire is greater than the number of people who...

7.

Suppose the number of people who retire is greater than the number of people who enter the workforce and find jobs. All else the same, the labor force participation rate will ________ and the unemployment rate will ________.

decrease; increase
decrease; decrease
increase; decrease
decrease; not change
increase; increase

10.

Structural unemployment is

when a worker stops looking for a job because he or she feels no job is available.
unemployment caused by changes in the industrial makeup of an economy.
not one of the three types of unemployment.
unemployment caused by economic downturns.
unemployment caused by time delays in matching available jobs with workers.

11.

Since 1948, female labor force participation has ________ and male labor force participation has ________.

fallen; fallen
fallen; risen
risen; fallen
risen; risen
remained constant; fallen
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Answer #1

The correct choice is a

Explanation : - The labor force particpation rate is calculated as the ratio of civilian labor force to civilian noninstitutional population and the unemployment rate is the ratio of number of unemployed divided by the civilian labor force . When the number of people who retire is greater than the number of number of people who enter the workforce and find jobs, the civilian labor force decreases . A decline in civilian labor force implies less people are entering the workforce and less labor force participation rate. When civilian labor force declines the unemployment rate increases.

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