MCQ test 2

what is the following is the correct way to calculate the unemployment rate ?

• (labor force)

  /(population) x 100

• (unemployment)

  /(labor force) x 100

• (unemployed)

  /(population) x 100

• (labor force)

  /(unemployed) x 100

The unemployment rate in an economy is 6%. The total population of the economy is 290 million ,and the size of the civilian labor force is 150 million. The number of unemployed workers in this economy is ?

• 24 Million

• 6 Million

• 12 Million

• 9 Million

In calculating the unemployment rate , "discouraged" workers who are not actively seeking employment are :

• excluded from the labor force

• included as part of the unemployed

• Used to determine the size of the labor force

• treated the same as part time workers

A worker who loses a job at a call center because the company moved the call center operation to anther country is an example of :

• Disguised unemployment

• Cyclical unemployment

• Structural Unemployment

• Frictional unemployment

Search and wait unemployment is another way to describe :

• Frictional unemployment

• noncyclical Unemployment

• cyclical unemployment

• structural unemployment

"Full employment" refers to the situation when there is:

• 100% employment of the labor force

• 0% unemployment rate

• No cyclical unemployment

• No frictional or structural unemployment

The inflation rate measures the percentage growth rate of:

• The CPI from one year to the next

• The CPI from the base period 1982-84 to given year

• Real GDP from the base period 1982-84 to given year

• Real GDP from one year to the next

If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation is inflation is approximately

• 6.3 percent

• 5.5 percent

• 7.2 percent

• 5.9 percent

If the CPI declines from one year to the next, then the following statement are true, except

• The CPI turns negative in the next year

• The average price level is decreasing

• There is deflation

• The inflation rate is negative

inflation that cause when total spending is greater than the economy ability to produce output at the existing price level is ;

• Anticipated inflation

• cost - push inflation

• unanticipated inflation

• Demand-pull inflation