## (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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