The Labor Force Participation Rate Is the Number of People

question 93

Multiple Choice

The labor force participation rate is the number of people in the labor force divided by the number of people in the country that are of working age and not institutionalized.The BLS reported in February of 2012 that the labor force participation rate in the United States was 63.7% (Calculatedrisk.com) .A marketing company asks 120 working-age people if they either have a job or are looking for a job,or,in other words,whether they are in the labor force. Refer to Exhibit 7-8.What is the probability that between 60% and 62.5% of those surveyed are members of the labor force?

• A)0.0243
• B)0.1931
• C)0.2005
• D)0.3936

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Definitions:

Attitudes

A psychological construct representing individual's likes or dislikes, and tendencies to act in certain ways towards objects, people, or events.

Unconscious

The part of the mind that contains thoughts, memories, and desires that are not currently in conscious awareness.

Implicit Associate Test

A psychological assessment tool designed to measure unconscious biases by examining the strength of associations between concepts.

Negative Jewish Stereotypes

Unfounded and prejudicial beliefs or ideas about Jewish people that are typically harmful and derogatory.