21. The people born during the high birth rate years, 1946-1964 are referred to

Question

21. The people born during the high birth rate years, 1946-1964 are referred to as A. the baby boomers. B. generation X. C. generation Y. D. the millennials. 22. What impact will work incentives have on labor force participation? A. Work incentives do not impact labor force participation. B. Work incentives decrease labor force participation. C. Work incentives increase labor force participation. D. Work incentives have no effect on labor force participation. 23. The labor force participation rate is equal to A. [(Unemployed+Employed)/(Adult Population)] x 100 B. [(Unemployed)/(Labor Force)] x 100 C. [(Employed)/(Labor Force)] x 100 D. [(Unemployed)/(Adult Population)] x 100 24. Imagine that a country has a labor force of 154.9 million, yet there are 234.1 million adults who live in the country and are not institutionalized. There are also 8.3 million children in the country. What is the labor force participation rate? A. 63.27% B. 66.17% C. 100% D. 4% 25. The

Explanation / Answer

A. the baby boomer C. Work incentives increase labor force participation. A. [(Unemployed+Employed)/(Adult Population)] x 100 B. 66.17% C. the people born during the high birth rate years, 1946-1964

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