Ch 23
Quiz by Chen, Clara
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8 questions
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- Q1Are the full-time students included in the labor force?YesNo60s
- Q2In 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
- Q3Which of the following isn’t counted in the unemployment rate?UnderemploymentAll of the choices are excluded from the unemployment rate.Discourage workersMarginally attached workers120s
- Q4Which of the following individuals can be counted as unemployed?Carl, who works part time at the Olive Garden but would prefer more hoursMoesha, a full-time college studentNone of the answers is correct.Nazma, a stay-at-home mom60s
- Q5Jasmine 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 unemploymentcyclical unemploymentunderemploymentstructural unemployment60s
- Q6Which 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
- Q7You 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$30,600120s
- Q8Which of the following is not included in the labor force?HousekeeperPart-time workersRetired peopleFull-time students60s