Exam 5: Introduction to the Macroeconomy

If the number of employed persons in a country equals 24 million,the number of unemployed persons equals 8 million,and the number of persons over age 16 in the population equals 40 million,what is the unemployment rate?

Under what circumstances might the unemployment rate overestimate the true extent of unemployment?

Which of the following statements about inflation is the most accurate?

What is the unemployment rate in a city with a labour force of 359 500 persons where 320 000 persons are employed?

Cyclical unemployment rises and falls with fluctuations in the macroeconomy.

If Roger voluntarily leaves his job as a mechanic and spends a period of time seeking another,what kind of unemployment is he facing?

How is the unemployment rate defined?

Which of the following is NOT a cost of inflation?

All adults who are able to work are automatically counted as part of the nation's labour force.

When does inflation exist in the economy?

What would happen to the unemployment rate if everyone who has looked for a job for more than six months gives up in despair and stops looking?

In recent years,where have economists come to believe that full employment in the Canadian economy occurs?

What is the most significant real economic cost of high unemployment?

What does the labour force consists of?

Which of the following groups are NOT typically harmed by unexpected inflation?

The real interest rate is calculated by factoring out inflation from the nominal interest rate.

The current cost of a market basket of goods is $6000.The cost of the same basket of goods in the base year was $4000.What is the current price index?

What is the result of an unanticipated period of deflation?

Which of the following is a discouraged worker?

Which of the following does structural unemployment include?