Exam 21: Monitoring Jobs and Inflation

In a country with a working-age population of 22 million,16 million are employed,2 million are unemployed,and 1 million of the employed are working part-time,half of whom wish to work full-time.The involuntary part-time rate is

If the CPI was 140 at the end of 2011 and 150 at the end of 2012,what was the inflation rate in 2012?

Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. -Refer to Table 21.3.1.The reference base period is 2008.The CPI in 2002 is

People end unemployment when they

Use the table below to answer the following questions. Table 21.2.1 This table shows the answers given by interviewees to the Labour Force Survey -In Table 21.2.1,which person is a discouraged worker?

Which one of the following people would be counted as unemployed in Canada?

Counting discouraged workers as unemployed would

Which of the following is NOT included in the working-age population?

If the inflation rate is negative,the price level in an economy is ________.

Suppose that the unemployment rate equals 4.5 percent and that the natural unemployment rate is 5.5 percent.We can conclude that

When the unemployment rate ________ the natural unemployment rate,real GDP ________ potential GDP.

Structural unemployment arises in part because

If the CPI was 128 at the end of 2011 and 136 and the end of 2012,what was the inflation rate in 2012?

If the number of discouraged workers increases,everything else remaining the same,then the

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

In a dynamic economy under ideal conditions,the unemployment rate

Who of the following would be counted as unemployed in Canada?

Use the table below to answer the following questions. Table 21.2.1 This table shows the answers given by interviewees to the Labour Force Survey -In Table 21.2.1,which person is frictionally unemployed?

If the working-age population increases,then

The official unemployment rate might underestimate the underutilization of labour resources for all of the following reasons except ________.