A labor force of 20 million people has 18.5 million people employed. Find the unemployment rate.
Chapter 13: UNEMPLOYMENT

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Other, Social Studies
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11th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
7.5%
2.
FLASHCARD QUESTION
Front
Discouraged workers in the economy implies that the measurement of unemployment...
Back
understates the true unemployment rate
3.
FLASHCARD QUESTION
Front
If operators are fired and replaced with computer technology, the operators would be considered
Back
structurally unemployed
4.
FLASHCARD QUESTION
Front
Cyclical unemployment
Back
Lasts longer than 6 months
5.
FLASHCARD QUESTION
Front
The unemployment rate is the ratio of
Back
seeking employment to labor force
6.
FLASHCARD QUESTION
Front
Seasonal unemployment
Back
Is predictable
7.
FLASHCARD QUESTION
Front
The unemployment rate will drop if: A person is hired into a new job, Someone who was previously laid off is rehired, An unemployed person stops looking.
Back
ALL of these answers are CORRECT
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