
Unemployment and Inflation Practice
Flashcard
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
Calculate the inflation rate from the information below.
A Ford truck cost $15,000 in 1999 and the same truck cost $18,000 in the year 2000.
Back
20%.
2.
FLASHCARD QUESTION
Front
Calculate inflation from the information below. A new home cost $200,000 in 2020 and the home is sold in 2021 for $250,000.
Back
25%.
3.
FLASHCARD QUESTION
Front
What is the labor force participation rate for a country with a working age population of 330 and a labor force of 198?
Back
60%.
4.
FLASHCARD QUESTION
Front
What is Country B's unemployment rate if it has a labor force of 150 people and 30 of them are out of work and looking for a new job?
Back
20%.
5.
FLASHCARD QUESTION
Front
Use the following information to solve for Country C's unemployment rate: Population 200, Labor Force 180, Employed 144.
Back
20%.
6.
FLASHCARD QUESTION
Front
Steve quit his job working at a bank to look for work that pays more he is
Back
frictionally unemployed
7.
FLASHCARD QUESTION
Front
John lost his job during the pandemic and after 2 months of looking for a new job with no luck he quits looking. He is
Back
discouraged
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