Which of the following statements are true? Select one or more: O a. Someone is counted as unemployed if they do not have a job. O b. The participation rate is the (employed/labour force) x 100. O c. The unemployment rate is (unemployed/labour force) x 100. O d. The unemployment rate is (unemployed/population of working age) x 100.

1

1. To be considered unemployed, a person needs to meet 2 qualifications: a. b. 2. Historically, what are the highest and lowest unemployment rates in our history? 3. There are 5000 people of working age. 2500 people are working full time. 900 are working part time. 350 people are without jobs and looking for work. a. Calculate the unemployment rate. b. Calculate the labor force participation rate. #3 % & 3 4. 8 6. e y W f k a C V m alt alt

What is labor force a- the toal employment divided by the total number of unemployment b- the total number of employment c- the sum of emplou]\yment and uneemployment d- the sum of employment minus the sum of unemployment

Question 35 Which of the following statements about historical unemployment rate is true? Since 1960, the average unemployment rate in the United States has been about 6%. Since 1960, the average unemployment rate in the United States has been about 10%. Since 1960, the average unemployment rate in the United States has been about 2%. O d) The unemployment rate in the United States is always above 5%. O e) The unemployment rate in the United States has never fallen below 6%.

Which of these scenarios would result in an decrease of the unemployment rate as well as an increase in the labour force participation rate? O O Some working people decide to retire early Some unemployed people decide to stop looking for a job Some women come back to the labor market after years of raising the kids at home and start looking for a job Some full time, not working students graduate from college and

onable to work. The unemployment rate in this country equals AS million employed, 9 millon pensioners, 4 milion unermpioyed and 1 million people who are physically a country with a populaion of 50 million people, there are 20 milion children under the age of 15 years, able to work. The unemployment rate in this country equals A 10%. B 13,3% C 20%. D 25%. 23. Refer to the table below that contains information about the Consumer Price Index in Mythopia, in order to answer the question. Year Consumer Price Index 100,0 2010 2011 112,1 2012 120.8 The unit of currency in Mythopia is the Myth. Between 2010 and 2012, the purchasing power of the oonsumer's Myth A Decreased to 20,8 cents. Decreased to 120,8 cents. C Decreased to 83 cents. D Decreased to 93 cents. B.

All of the following are problems in measuring the unemployment rate except that O A. discouraged workers are not included in the labour force. OB. there is a lack of verification of people's responses in the household survey. OC. part-time workers are included as employed. ⒸD. people on active military service are included as unemployed.

Suppose the unemployment rate increases. If at the same time we observe the labor force participation rate decreasing, we can conclude that The labor force participation rate is falling for a bad reason O The unemployment rate is increasing for a bad reason O The unemployment rate is increasing for a good reason O The labor force participation rate is falling for a good reason

Don't use Ai