AP Macro 2.3 Unemployment

The unemployment rate is the percentage of the general population who are not working.

• TRUE

• FALSE

The labor force is the segment of the population who are willing and able to work.

• TRUE

• FALSE

The economic goal of "full employment" means there is zero unemployment.

• TRUE

• FALSE

Generally speaking,

economies want the unemployment rate to be relatively low

and the labor force participation rate to be relatively high.

• TRUE

• FALSE

To calculate the unemployment rate:

# of unemployed / civilian labor force

• TRUE

• FALSE