\[\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Total } \\ \text { population } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Currently } \\ \text { employed } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Not working } \\ \text { and looking } \\ \text { for work } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Want to work but } \\ \text { no longer looking } \\ \text { for work } \\ \text { (millions) } \end{array} \\ \hline 80 & 40 & 2 & 4 \\ \hline \end{array}\] -The labor force participation rate is percentage of the ________ who are in the labor force.

A) people under age 65 B) working-age population C) people over age 16 D) population A) people under age 65 B) working-age population C) people over age 16 D) population

The table below shows data regarding Germany's labor market. \[\begin{array} { | c | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Labor Force } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Number of } \\ \text { Employed } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Population } \\ \text { (millions) } \end{array} & \begin{array} { c } \text { Working-age } \\ \text { Population } \\ \text { (millions) } \end{array} \\ \hline 2006 & 43.7 & 39.01 & 82.3 & 54.9 \\ \hline 2007 & 43.7 & 39.06 & 82.2 & 54.7 \\ \hline 2008 & 43.6 & 39.8 & 82.1 & 54.6 \\ \hline \end{array}\] The data show that Germany's labor force participation rate is ________ in 2007.

A) 80 percent B) 47.5 percent C) 67 percent D) 78 percent A) 80 percent B) 47.5 percent C) 67 percent D) 78 percent

The table below shows the price index for China starting in 2000. \[\begin{array} { | c | c | } \hline \text { Year } & \text { Price Index } \\ \hline 2000 & 100.0 \\ \hline 2001 & 100.73 \\ \hline 2002 & 99.95 \\ \hline 2003 & 101.12 \\ \hline 2004 & 105.06 \\ \hline 2005 & 106.95 \\ \hline 2006 & 108.52 \\ \hline \end{array}\] Www)econstats.com The inflation rate between 2004 and 2005 was

A) 3.9 percent B) 2.8 percent C) 1.8 percent D) 0.7 percent. A) 3.9 percent B) 2.8 percent C) 1.8 percent D) 0.7 percent.

Exam 5: Monitoring Jobs and Inflation

In 2000,you could buy a Cadillac DTS for $45,000. In 2011,the Cadillac DTS sold for $55,000. While both models include anti-lock brakes and air bags (along with other similar features),the 2011 model also includes satellite radio and new technology that provides improved gas mileage and safer driving. If the Cadillac DTS was included in the CPI basket,it would create

(Multiple Choice)

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Question 141

The type of unemployment created by the normal rate of reentry and entry into the labor force is

(Multiple Choice)

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Question 142

The relationship between the unemployment rate and the natural unemployment rate is that the unemployment rate

(Multiple Choice)

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Question 143

If this year's price level exceeds last year's,

(Multiple Choice)

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Question 144

Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs.The people would be considered part of

(Multiple Choice)

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Question 145

In the 1990s,video recordings were made primarily on tapes.However,in the 2000s DVDs became increasingly popular,leading to a sharp decline in video tapes.As a result,many people who manufactured tapes lost their jobs and didn't have the skills necessary to work making DVDs.This occurrence is best consider an example of

(Multiple Choice)

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Question 146

The absence of cyclical unemployment means the economy is at the natural unemployment rate.

(True/False)

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Question 147

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 -The labor force participation rate is percentage of the ________ who are in the labor force.

(Multiple Choice)

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Question 148

If the number of people unemployed is 100,the number of people employed is 1000,and the working-age population is 1400,then the labor force participation rate is

(Multiple Choice)

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Question 149

Frictional unemployment includes

(Multiple Choice)

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Question 150

What is potential GDP and what is the relationship between actual and potential real GDP?

(Essay)

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Question 151

The table below shows data regarding Germany's labor market. Year Labor Force (millions) Number of Employed (millions) Population (millions) Working-age Population (millions) 2006 43.7 39.01 82.3 54.9 2007 43.7 39.06 82.2 54.7 2008 43.6 39.8 82.1 54.6 The data show that Germany's labor force participation rate is ________ in 2007.

(Multiple Choice)

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Question 152

How is the unemployment rate calculated? Include in your answer the process by which the U.S.Census Bureau classifies the data it collects in its Current Population Survey.

(Essay)

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Question 153

The table below shows the price index for China starting in 2000. Year Price Index 2000 100.0 2001 100.73 2002 99.95 2003 101.12 2004 105.06 2005 106.95 2006 108.52 Www)econstats.com The inflation rate between 2004 and 2005 was

(Multiple Choice)

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Question 154

If last year's price level was 100 and this year's price level is 114,over the year the inflation rate has been

(Multiple Choice)

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Question 155

Ms.Krupsky has shorthand and typing skills and still finds herself unemployed.In today's economy,Ms.Krupsky is an example of what type of unemployment?

(Multiple Choice)

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Question 156

The unemployment rate is found by dividing the number of unemployed people by the

(Multiple Choice)

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Question 157

Which population category equals the sum of employed and unemployed people?

(Multiple Choice)

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Question 158

Define and give an example of how a spell of structural unemployment can begin.

(Essay)

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Question 159

Bill is a high-school drop out who lost his job in a fast food restaurant when the economy plunged into a recession.After 8 months,Bill is still looking for work.He is an example of

(Multiple Choice)

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Question 160

The type of unemployment created by the normal rate of reentry and entry into the labor force is

The relationship between the unemployment rate and the natural unemployment rate is that the unemployment rate

If this year's price level exceeds last year's,

Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs.The people would be considered part of

The absence of cyclical unemployment means the economy is at the natural unemployment rate.

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 -The labor force participation rate is percentage of the ________ who are in the labor force.

If the number of people unemployed is 100,the number of people employed is 1000,and the working-age population is 1400,then the labor force participation rate is

Frictional unemployment includes

What is potential GDP and what is the relationship between actual and potential real GDP?

How is the unemployment rate calculated? Include in your answer the process by which the U.S.Census Bureau classifies the data it collects in its Current Population Survey.

The table below shows the price index for China starting in 2000. Year Price Index 2000 100.0 2001 100.73 2002 99.95 2003 101.12 2004 105.06 2005 106.95 2006 108.52 Www)econstats.com The inflation rate between 2004 and 2005 was

If last year's price level was 100 and this year's price level is 114,over the year the inflation rate has been

Ms.Krupsky has shorthand and typing skills and still finds herself unemployed.In today's economy,Ms.Krupsky is an example of what type of unemployment?

The unemployment rate is found by dividing the number of unemployed people by the

Which population category equals the sum of employed and unemployed people?

Define and give an example of how a spell of structural unemployment can begin.

Bill is a high-school drop out who lost his job in a fast food restaurant when the economy plunged into a recession.After 8 months,Bill is still looking for work.He is an example of

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

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