Labor Force

0.0(0)
studied byStudied by 0 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/6

flashcard set

Earn XP

Description and Tags

https://www.reviewecon.com/games-activities/15-question-labor-force-calculations-game

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

7 Terms

1
New cards
<p>Equation for natural rate of unemployment (NRU) in terms of types of employment (structural, frictional, and/or cyclical), when it’s with numbers of people (not %s)</p>

Equation for natural rate of unemployment (NRU) in terms of types of employment (structural, frictional, and/or cyclical), when it’s with numbers of people (not %s)

(# of structural unemployed + # of frictional unemployed) / # in labor force (both unemployed & employed)

2
New cards
<p>Equation for labor force participation rate</p>

Equation for labor force participation rate

Labor force (all unemployed & employed) / working age civilian population

3
New cards
<p>Equation for natural rate of unemployment in terms of cyclical unemployment.</p>

Equation for natural rate of unemployment in terms of cyclical unemployment.

NRU = rate of unemployment - rate of cyclical unemployment

4
New cards
<p>Equation to calculate the current unemployment rate in terms of the 3 types of unemployment</p>

Equation to calculate the current unemployment rate in terms of the 3 types of unemployment

Rate of unemployment = Frictional unemployment % + cyclical unemployment % + structural unemployment %

5
New cards
<p>Equation for natural rate of unemployment (NRU) in terms of structural and frictional unemployment, when it’s with rates and percents.</p>

Equation for natural rate of unemployment (NRU) in terms of structural and frictional unemployment, when it’s with rates and percents.

NRU = frictional unemployment rate + structural unemployment rate

6
New cards
<p>Equation for unemployment rate in terms of those looking for work and the labor force.</p>

Equation for unemployment rate in terms of those looking for work and the labor force.

Rate of unemployment = # of people looking for work / labor force (both looking & employed) 

7
New cards

Are discouraged workers counted in the labor force?

No.

Explore top flashcards