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Ch 23

Quiz by Chen, Clara

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8 questions
Show answers
  • Q1
    Are the full-time students included in the labor force?
    Yes
    No
    60s
  • Q2
    In your country, there are 24 million people in the labor force. A total of 21.5 million people are employed. What is the unemployment rate in your country?
    89.6%
    10.4%
    2.5%
    21.5%
    60s
  • Q3
    Which of the following isn’t counted in the unemployment rate?
    Underemployment
    All of the choices are excluded from the unemployment rate.
    Discourage workers
    Marginally attached workers
    120s
  • Q4
    Which of the following individuals can be counted as unemployed?
    Carl, who works part time at the Olive Garden but would prefer more hours
    Moesha, a full-time college student
    None of the answers is correct.
    Nazma, a stay-at-home mom
    60s
  • Q5
    Jasmine has recently moved to Florida because she loves the warm climate there. Being new to the area, she will need to spend a few weeks looking for a new job. This is an example of:
    frictional unemployment
    cyclical unemployment
    underemployment
    structural unemployment
    60s
  • Q6
    Which of the following statements is true?
    The natural rate of unemployment is the sum of structural and cyclical unemployment.
    The natural rate of unemployment is the sum of frictional and structural unemployment.
    The natural rate of unemployment equals a country’s unemployment rate during a recession.
    The natural rate of unemployment is the sum of frictional and cyclical unemployment.
    60s
  • Q7
    You have just been awarded a cost-of-living increase tied to the CPI. The CPI has gone from 110 to 112. If your salary is $30,000 per year before the increase, what will it be after the CPI increase is factored in?
    $30,545
    $29,464
    $33,600
    $30,600
    120s
  • Q8
    Which of the following is not included in the labor force?
    Housekeeper
    Part-time workers
    Retired people
    Full-time students
    60s

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