Exam 6: Macroeconomic Measurements, part I: Prices and Unemployment

Some economists argue that the recent relatively high rate of unemployment has resulted in part from the fact that a part of the workforce has not made the adjustment to new technologies.

The base year is the year

If a person did any work as a paid employee during the Bureau of Labor Statistics survey reference week,how is she classified?

Structural unemployment results primarily from automation and long-lasting changes in demand.

The federal government agency that is responsible for determining the inflation rate and the unemployment rate is the Federal Reserve.

In an economy with a population of 100 million persons,44 million hold civilian jobs and 6 million are not working but are looking for jobs.The unemployment rate is

Look at the following data: The frictional unemployment rate is 1.5 percent,the natural unemployment rate is 4.5 percent,and the cyclical unemployment rate is -1 percent.The structural unemployment rate is _________ percent and the actual unemployment rate (in this economy)is ___________ percent.

Look at the following data: Employed persons = 110 million;civilian labor force = 135 million persons;civilian noninstitutional population = 190 million.The unemployment rate is __________ percent and the employment rate is __________ percent.

Jamaal lost his job when a mechanical device replaced people with his skills.If Jamaal's skills are non-transferable,he would be considered to be structurally unemployed.

Suppose there are 200 million persons in the population,120 million persons in the civilian labor force,and 90 million persons are employed.The number of persons unemployed is _______ million and the unemployment rate is ___________ percent.

Is it possible for the economy to be at full employment and still have some people who are unemployed?

The answer is "a person employed in the civilian labor force who quits his or her job." The question is:

A worker is ​underemployed​ if she is working at a job for which her skills far exceed the requirements for the job.

Suppose there are 50 million persons in the population,25 million persons in the civilian labor force,and 20 million persons are employed.The number of persons unemployed is _______ million and the unemployment rate is ___________ percent.

The movie "Return of the Jedi" earned $264 million in 1983 when it was released.The CPI in 1983 was 97.8 and the CPI in 2012 was 226.665.Approximately how much did the movie earn in 2012 dollars?

Every ____________ the U.S.government surveys ______________ of households to gather information about the number of Americans unemployed.

Look at the following data: Total population = 230 million;employed persons = 80 million;unemployed persons = 8 million.The unemployment rate is approximately __________ and the employment rate __________.

In many large retail stores,price markdowns are now determined by computer.The "middle managers" who used to make these decisions personally became __________ unemployed.

Look at the following data: The frictional unemployment rate is 3 percent,the natural unemployment rate is 6.5 percent,and the cyclical unemployment rate is 2.4 percent.The structural unemployment rate is __________ percent and the actual unemployment rate (in this economy)is __________ percent.

If Jorge is temporarily absent from his regular job because of an industrial dispute,the Bureau of Labor Statistics will classify him as unemployed.