Despite known problems in the method of calculating the unemployment rate, the approach is rarely changed in order to preserve data compatibility. O True

Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: See attached for table.    Question 1   Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% The BLS is the Bureau of Labor Statistics, an agency within the Department of Labor. The unemployment rate is calculated by taking a random survey of 60,000 households nationwide. (Note: Households are in the survey for four months, out for eight, back in for four, and then out for good. Interviewers use the phone or home visits using laptops.) The population is divided into three groups: Group 1 consists of those under age 16 or institutionalized.…

Unemployment rates are spread evenly over segments of the population in different education categories. Asses the validity of this statement.      True, unemloyment is a macroeconomic phenomenon affecting all of us equally     False, higher levels of education are associated with lower unemployment rates as well as higher wages     True, unemployment even influences highly educated and skilled workers as jobs become automated     False, individuals without specialized skills can find jobs more easily since they can perform general tasks that are needed in many sectors.

at potential gdp there is only structural and cyclical unemployment True or false