\[\begin{array} { | l | c | } \hline { \text { Component } } & \begin{array} { c } \text { Number of people } \\ \text { (millions) } \end{array} \\ \hline \text { Total population } & 246 \\ \hline \text { Working-age population } & 207 \\ \hline \text { Labor force } & 139 \\ \hline \text { Employed } & 133 \\ \hline \text { Unemployed } & 6 \\ \hline \end{array}\] -Using the information in the above table,the unemployment rate is

A) 4.5 percent. B) 4.3 percent. C) 2.8 percent. D) 6.0 percent. A) 4.5 percent. B) 4.3 percent. C) 2.8 percent. D) 6.0 percent.

The table below shows Vietnam's price index between 2004 and 2007. \[\begin{array} { | c | c | } \hline \text { Year } & \text { Price Index } \\ \hline 2004 & 115.15 \\ \hline 2005 & 124.65 \\ \hline 2006 & 134 \\ \hline 2007 & 145.12 \\ \hline \end{array}\] Www)econstats.com From the data,we can conclude that

A) the inflation rate 2005 and 2006 was 7.5 percent. B) food and energy prices in Vietnam were increasing between 2004 and 2007. C) commodity substitution bias occurred over the four years. D) deflation occurred between 2005 and 2006 as price increased more slowly than in 2004. A) the inflation rate 2005 and 2006 was 7.5 percent. B) food and energy prices in Vietnam were increasing between 2004 and 2007. C) commodity substitution bias occurred over the four years. D) deflation occurred between 2005 and 2006 as price increased more slowly than in 2004.

Exam 5: Monitoring Jobs and Inflation

Which of the following pieces of information do you need to calculate the labor force participation rate? I. the number of employed persons II. the number of unemployed persons III. the population IV. the working age population

(Multiple Choice)

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Question 21

Full employment exists when

(Multiple Choice)

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Question 22

If nominal GDP is $230 for a period and real GDP is $200 for the same period,what is the GDP deflator for this period?

(Essay)

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Question 23

The technique currently used to calculate the CPI implicitly assumes that over time consumers buy

(Multiple Choice)

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Question 24

At the end of last year the Consumer Price Index was equal to 163.8 and at the end of this year it was equal to 157.5.What is the inflation rate over this time period?

(Multiple Choice)

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Question 25

Suppose that the price level was 100 in 2011,110 in 2012,and 130 in 2013.Over these three years,

(Multiple Choice)

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Question 26

"The bias in the CPI distorts private contracts because a future payment that is linked to the CPI will be raised above the true increase in the price level." Is the previous sentence true or false?

(Essay)

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Question 27

8 Extended Problems Category Number (millions) Working age population 222.0 Labor force 146.8 Employment 138.0 -The Bureau of Labor Statistics reported the data in the table above for October 2003. a) Calculate the number of people unemployed. b) Calculate the number of people who are not in the labor force c) Calculate the unemployment rate. d) Calculate the labor force participation rate.

(Essay)

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Question 28

To prevent frictional unemployment,we would have to

(Multiple Choice)

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Question 29

Using the definition of unemployment,which of the following individuals would be unemployed?

(Multiple Choice)

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Question 30

An increase in the price level is defined as

(Multiple Choice)

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Question 31

Component Number of people (millions) Total population 246 Working-age population 207 Labor force 139 Employed 133 Unemployed 6 -Using the information in the above table,the unemployment rate is

(Multiple Choice)

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Question 32

A person quits her job in order to spend time looking for a better-paying job.This type of unemployment is an example of

(Multiple Choice)

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Question 33

At the end of last year,the CPI equaled 120.At the end of this year,the CPI equals 132.What is the inflation rate over this year?

(Multiple Choice)

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Question 34

Suppose the current unemployment rate is 5 percent,the labor force is 400 million people,the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

(Multiple Choice)

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Question 35

The employment-to-population ratio is equal to the number of

(Multiple Choice)

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Question 36

Suppose initially that the working-age population is 220 million,the labor force is 150 million,and the official U-3 unemployment rate is 10 percent.5 million new jobs are created and filled by 5 million people who had previously been discouraged workers.What is the new U-3 unemployment rate?

(Multiple Choice)

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Question 37

When the economy is at full employment the

(Multiple Choice)

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Question 38

Hyperinflation is defined as

(Multiple Choice)

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Question 39

The table below shows Vietnam's price index between 2004 and 2007. Year Price Index 2004 115.15 2005 124.65 2006 134 2007 145.12 Www)econstats.com From the data,we can conclude that

(Multiple Choice)

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Question 40

Showing 21 - 40 of 407

Which of the following pieces of information do you need to calculate the labor force participation rate? I. the number of employed persons II. the number of unemployed persons III. the population IV. the working age population

Full employment exists when

If nominal GDP is $230 for a period and real GDP is $200 for the same period,what is the GDP deflator for this period?

The technique currently used to calculate the CPI implicitly assumes that over time consumers buy

At the end of last year the Consumer Price Index was equal to 163.8 and at the end of this year it was equal to 157.5.What is the inflation rate over this time period?

Suppose that the price level was 100 in 2011,110 in 2012,and 130 in 2013.Over these three years,

"The bias in the CPI distorts private contracts because a future payment that is linked to the CPI will be raised above the true increase in the price level." Is the previous sentence true or false?

To prevent frictional unemployment,we would have to

Using the definition of unemployment,which of the following individuals would be unemployed?

An increase in the price level is defined as

Component Number of people (millions) Total population 246 Working-age population 207 Labor force 139 Employed 133 Unemployed 6 -Using the information in the above table,the unemployment rate is

A person quits her job in order to spend time looking for a better-paying job.This type of unemployment is an example of

At the end of last year,the CPI equaled 120.At the end of this year,the CPI equals 132.What is the inflation rate over this year?

Suppose the current unemployment rate is 5 percent,the labor force is 400 million people,the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

The employment-to-population ratio is equal to the number of

Suppose initially that the working-age population is 220 million,the labor force is 150 million,and the official U-3 unemployment rate is 10 percent.5 million new jobs are created and filled by 5 million people who had previously been discouraged workers.What is the new U-3 unemployment rate?

When the economy is at full employment the

Hyperinflation is defined as

The table below shows Vietnam's price index between 2004 and 2007. Year Price Index 2004 115.15 2005 124.65 2006 134 2007 145.12 Www)econstats.com From the data,we can conclude that

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

Inflation, Jobs, and the Business Cycle

Fiscal Policy

Monetary Policy

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Introduction

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Macroeconomic Trends

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