Question 1

If the number of people unemployed is 100, the number of people employed is 1,000, and the working-age population is 1,400, then the unemployment rate is

Accepted Answer

A)  6.6 percent. 
B)  10 percent. 
C)  9.1 percent. 
D)  7.1 percent. 
A)  6.6 percent. 
B)  10 percent. 
C)  9.1 percent. 
D)  7.1 percent.

Question 2

Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate.

Accepted Answer

The unemployment rat

Question 3

Why is unemployment a problem?

Accepted Answer

Unemployment is a problem for both the n

Question 4

Full-time students and prisoners are

Accepted Answer

A)  not in the labor force. 
B)  in the labor force. 
C)  counted as discouraged workers. 
D)  counted as unemployed. 
A)  not in the labor force. 
B)  in the labor force. 
C)  counted as discouraged workers. 
D)  counted as unemployed.

Question 5

The nation's structural unemployment will increase when

Accepted Answer

A)  bad economic policies send the economy into a recession. 
B)  there is influx into the labor market of new college graduates. 
C)  there is an increase in post-Christmas layoffs of workers. 
D)  an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs. 
A)  bad economic policies send the economy into a recession. 
B)  there is influx into the labor market of new college graduates. 
C)  there is an increase in post-Christmas layoffs of workers. 
D)  an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs.

Question 6

Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates

Accepted Answer

A)  an increase to the U-3 unemployment rate. 
B)  a decrease to the U-3 unemployment rate. 
C)  no change to the U-3 unemployment rate. 
D)  a decrease in the labor force participation rate. 
A)  an increase to the U-3 unemployment rate. 
B)  a decrease to the U-3 unemployment rate. 
C)  no change to the U-3 unemployment rate. 
D)  a decrease in the labor force participation rate.

Question 7

Which of the following means that the CPI overstates the actual inflation rate?

Accepted Answer

A)  new goods bias 
B)  quality change bias 
C)  outlet substitution bias 
D)  All of the above cause the CPI to overstate inflation. 
A)  new goods bias 
B)  quality change bias 
C)  outlet substitution bias 
D)  All of the above cause the CPI to overstate inflation.

Question 8

-The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002.

Accepted Answer

Between 1997 to 1998, the inflation rate

Question 9

How is the GDP deflator is calculated.

Accepted Answer

The GDP deflator equals 100 ti

If the number of people unemployed is 100, the number of people employed is 1,000, and the working-age population is 1,400, then the unemployment rate is

Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate.

Why is unemployment a problem?

Full-time students and prisoners are

The nation's structural unemployment will increase when

Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates

Which of the following means that the CPI overstates the actual inflation rate?

-The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002.

How is the GDP deflator is calculated.

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

The Business Cycle, Inflation, and Deflation

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

Exam 5: Monitoring Jobs and Inflation

If the number of people unemployed is 100, the number of people employed is 1,000, and the working-age population is 1,400, then the unemployment rate is

Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate.

Why is unemployment a problem?

Full-time students and prisoners are

The nation's structural unemployment will increase when

Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates

Which of the following means that the CPI overstates the actual inflation rate?

-The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002.

How is the GDP deflator is calculated.

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

The Business Cycle, Inflation, and Deflation

Fiscal Policy

Monetary Policy

International Trade Policy

Filters