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(solution) Question 3 Unemployment that arises as a result of the time it


Question 3

Unemployment that arises as a result of the time it takes for unemployed people to locate a job utilizing their transferable skills is called __________ unemployment.


structural
cyclical
natural
frictional

Unemployment that arises as a result of the time it takes for unemployed people to locate a job utilizing their transferable skills is called __________ unemployment.


structural
cyclical
natural
frictional

Unemployment that arises as a result of the time it takes for unemployed people to locate a job utilizing their transferable skills is called __________ unemployment.


structural
cyclical
natural
frictional

Exhibit 6-2

  Civilian Civilian Employed
  Noninstitutional Labor Force Persons
Year Population (millions) (millions) (millions)
1 250 200 175
2 400 300 200
3 500 400 350
4 1000 800 720



Refer to Exhibit 6-2. The unemployment rate in year 1 is

12 1/2 percent.
70 percent.
87 1/2 percent.
30 percent.
10 percent.




Question 4

Exhibit 6-2

  Civilian Civilian Employed
  Noninstitutional Labor Force Persons
Year Population (millions) (millions) (millions)
1 250 200 175
2 400 300 200
3 500 400 350
4 1000 800 720



Refer to Exhibit 6-2. The labor force participation rate in year 1 is


12 1/2 percent.
80 percent.
87 1/2 percent.
70 percent.
10 percent.

#5

In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are looking for a job. The unemployment rate is


28.6%.
20%
25%
13.33%
There is not enough information to answer this question.


 


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