下载APP
首页 > CFA > 试题中心 > 经济学

"economics"exercise:Participation rate

来源: 正保会计网校 2021-03-04
普通

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

Assuming all other factors remain unchanged, which of the following changes would most likely cause a simultaneous increase in the participation ratio and a decrease in the unemployment rate?

A、 A decrease in the number of unemployed people

B 、A decrease in the total population of working-age people

C、 An increase in the number of people included in the labor force

Questions 2:

After noting positive changes in the aggregate index of coincident economic indicators, an increase in the ratio of consumer installment debt to income would most likely help confirm that an expansion is:

A 、forthcoming.

B 、underway.

C 、ending.

View answer resolution
【Answer to question 1】C

【analysis】

C is correct. The participation ratio (or activity ratio) is the ratio of the number of people in the labor force to the total population of working-age people, and the unemployment rate is the ratio of the number of unemployed to the number of people in the labor force. The labor force is the numerator in the participation ratio, and the denominator is the unemployment rate. Therefore, assuming all else remains unchanged, an increase in the number of people included in the labor force would cause the participation ratio to increase and unemployment rate to decrease. 

A is incorrect. Although a decrease in the total number of unemployed people would decrease the unemployment rate, this would not have a direct effect on the participation rate. 

B is incorrect. Although a decrease in the total population of working age people would increase the participation rate if the size of the labor force remained unchanged, this would have no direct effect on the unemployment rate.

【Answer to question 2】B

【analysis】

B is correct. The ratio of consumer installment debt to income is a lagging indicator. An increase in it, by itself, would be evidence that an upturn is already underway. This would confirm the implication of positive changes in coincident indicators that an expansion is in place. 

A is incorrect. Leading indicators indicate what is coming, but the ratio of consumer installment debt to income is a lagging indicator. The reason it is a lagging indicator is because consumers only borrow heavily when they are confident in the economy. 

C is incorrect. Although the ratio of consumer installment debt to income is a lagging indicator, it is more directly indicating that an upturn has been underway, not that the expansion is over because consumers only borrow heavily when they are confident in the economy.

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。

点击了解更多CFA考试资讯>>

点击了解CFA无忧直达班>>

今日热搜
热点推荐:
CFA考试课程
CFA面授课程

CFA优享/旗舰面授课程

实时互动 备考无忧

大学生专享点击了解

CFA课程试听

扫码关注公众号
正保金融大讲堂

接收更多考试资讯

扫码找组织

有奖原创征稿
取消
复制链接,粘贴给您的好友

复制链接,在微信、QQ等聊天窗口即可将此信息分享给朋友
客服