\[\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Total } \\ \text { population } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Currently } \\ \text { employed } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Not working } \\ \text { and looking } \\ \text { for work } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Want to work but } \\ \text { no longer looking } \\ \text { for work } \\ \text { (millions) } \end{array} \\ \hline 80 & 40 & 2 & 4 \\ \hline \end{array}\] -In the table above,the number of people officially unemployed is ________.

A) 40 million B) 6 million C) 4 million D) 2 million A) 40 million B) 6 million C) 4 million D) 2 million

\[\begin{array} { | l | c | } \hline{ \text { Component } } & \begin{array} { c } \text { Number of } \\ \text { people } \end{array} \\ \hline \text { Total population } & 2600 \\ \hline \text { Working-age population } & 2000 \\ \hline \text { Not in labor force } & 500 \\ \hline \text { Employed } & 1300 \\ \hline \end{array}\] -Using the information in the table above,calculate the unemployment rate.

A) 53.3 percent B) 30.8 percent C) 13.3 percent D) 7.7 percent A) 53.3 percent B) 30.8 percent C) 13.3 percent D) 7.7 percent

Exam 5: Monitoring Jobs and Inflation

If the population is 300 million,with 70 million under the age of 16 and institutionalized,another 70 million not in the labor force,10 million unemployed and 150 million employed,the labor force participation rate is

(Multiple Choice)

4.9/5

(86)

Question 61

Using the official measure of unemployment,which of the following would NOT be counted as unemployed?

(Multiple Choice)

4.8/5

(59)

Question 62

The commodity substitution bias is that consumers substitute high-quality goods for low-quality goods.

(True/False)

4.8/5

(88)

Question 63

Total population (millions) Currently employed (millions) Not working and looking for work (millions) Want to work but no longer looking for work (millions) 80 40 2 4 -In the table above,the number of people officially unemployed is ________.

(Multiple Choice)

5.0/5

(87)

Question 64

The current U.S.population is about 300 million yet the current U.S.labor force is only about 150 million.What subtractions are made from the population number to set it equal to the labor force?

(Essay)

4.8/5

(83)

Question 65

The three types of unemployment are

(Multiple Choice)

4.8/5

(76)

Question 66

The commodity substitution bias is that

(Multiple Choice)

4.8/5

(85)

Question 67

An individual is structurally unemployed if

(Multiple Choice)

4.9/5

(73)

Question 68

If the people who take early retirement are not counted in the working-age population,then

(Multiple Choice)

4.9/5

(76)

Question 69

Explain how the labor force participation rate and the unemployment rate change in a recession.

(Essay)

4.7/5

(89)

Question 70

Component Number of people Total population 2600 Working-age population 2000 Not in labor force 500 Employed 1300 -Using the information in the table above,calculate the unemployment rate.

(Multiple Choice)

4.9/5

(66)

Question 71

The labor force is the sum of the

(Multiple Choice)

4.9/5

(86)

Question 72

The unemployment rate equals

(Multiple Choice)

4.9/5

(93)

Question 73

Cyclical unemployment ________.

(Multiple Choice)

4.7/5

(78)

Question 74

A discouraged worker counted as officially unemployed and counted as in the labor force.

(Multiple Choice)

4.8/5

(70)

Question 75

If the CPI for this year is 220 and the CPI for last year was 215,the inflation rate is

(Multiple Choice)

4.8/5

(85)

Question 76

Students who leave school in the spring and look for work are one source of ________.

(Multiple Choice)

4.9/5

(89)

Question 77

In August 2012,the labor force participation rate dropped from 63.7 percent to 63.5 percent.This change could have been caused by

(Multiple Choice)

4.8/5

(82)

Question 78

Cyclical unemployment

(Multiple Choice)

4.9/5

(74)

Question 79

Suppose there are currently 100 people unemployed,1500 people employed,and 2000 people in the working age population.The labor force participation rate equals 100 times

(Multiple Choice)

4.8/5

(90)

Question 80

If the population is 300 million,with 70 million under the age of 16 and institutionalized,another 70 million not in the labor force,10 million unemployed and 150 million employed,the labor force participation rate is

Using the official measure of unemployment,which of the following would NOT be counted as unemployed?

The commodity substitution bias is that consumers substitute high-quality goods for low-quality goods.

Total population (millions) Currently employed (millions) Not working and looking for work (millions) Want to work but no longer looking for work (millions) 80 40 2 4 -In the table above,the number of people officially unemployed is ________.

The current U.S.population is about 300 million yet the current U.S.labor force is only about 150 million.What subtractions are made from the population number to set it equal to the labor force?

The three types of unemployment are

The commodity substitution bias is that

An individual is structurally unemployed if

If the people who take early retirement are not counted in the working-age population,then

Explain how the labor force participation rate and the unemployment rate change in a recession.

Component Number of people Total population 2600 Working-age population 2000 Not in labor force 500 Employed 1300 -Using the information in the table above,calculate the unemployment rate.

The labor force is the sum of the

The unemployment rate equals

Cyclical unemployment ________.

A discouraged worker counted as officially unemployed and counted as in the labor force.

If the CPI for this year is 220 and the CPI for last year was 215,the inflation rate is

Students who leave school in the spring and look for work are one source of ________.

In August 2012,the labor force participation rate dropped from 63.7 percent to 63.5 percent.This change could have been caused by

Cyclical unemployment

Suppose there are currently 100 people unemployed,1500 people employed,and 2000 people in the working age population.The labor force participation rate equals 100 times

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

International Trade Policy

Introduction

Monitoring Macroeconomic Performance

Macroeconomic Trends

Macroeconomic Fluctuations

Macroeconomic Policy

Filters

Exam 5: Monitoring Jobs and Inflation

If the population is 300 million,with 70 million under the age of 16 and institutionalized,another 70 million not in the labor force,10 million unemployed and 150 million employed,the labor force participation rate is

Using the official measure of unemployment,which of the following would NOT be counted as unemployed?

The commodity substitution bias is that consumers substitute high-quality goods for low-quality goods.

Total population (millions) Currently employed (millions) Not working and looking for work (millions) Want to work but no longer looking for work (millions) 80 40 2 4 -In the table above,the number of people officially unemployed is ________.

The current U.S.population is about 300 million yet the current U.S.labor force is only about 150 million.What subtractions are made from the population number to set it equal to the labor force?

The three types of unemployment are

The commodity substitution bias is that

An individual is structurally unemployed if

If the people who take early retirement are not counted in the working-age population,then

Explain how the labor force participation rate and the unemployment rate change in a recession.

Component Number of people Total population 2600 Working-age population 2000 Not in labor force 500 Employed 1300 -Using the information in the table above,calculate the unemployment rate.

The labor force is the sum of the

The unemployment rate equals

Cyclical unemployment ________.

A discouraged worker ________ counted as officially unemployed and ________ counted as in the labor force.

If the CPI for this year is 220 and the CPI for last year was 215,the inflation rate is

Students who leave school in the spring and look for work are one source of ________.

In August 2012,the labor force participation rate dropped from 63.7 percent to 63.5 percent.This change could have been caused by

Cyclical unemployment

Suppose there are currently 100 people unemployed,1500 people employed,and 2000 people in the working age population.The labor force participation rate equals 100 times

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

International Trade Policy

Introduction

Monitoring Macroeconomic Performance

Macroeconomic Trends

Macroeconomic Fluctuations

Macroeconomic Policy

Filters

A discouraged worker counted as officially unemployed and counted as in the labor force.