Homework Answers
Answer 15) officially unemployed is a worker who is not currently employed and is searching for a job unsuccessfully. Option B is the correct answer.
Answer 16) The main statistic used to monitor unemployment in the economy is the Unemployment rate. Option D is the correct answer.
Answer 18) Unemployment rate= Number of people unemployed/ Total individual in the labor force.
Unemployment rate= 18/ 179= 10.1%. Hence Option C is the correct answer.
Answer 20) An individual who is employed part-time but is willing to work for full-time would be cited as underemployed. Hence Option D is the correct answer.
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Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to...
Question 24 3 pts Official unemployment statistics: include cyclical and structural unemployment, but not frictional unemployment...
Question 24 3 pts Official unemployment statistics: include cyclical and structural unemployment, but not frictional unemployment understate unemployment because individuals receiving unemployment compensation are counted as employed understate unemployment because "discouraged workers" are not counted as unemployed overstate unemployment because workers who are involuntarily working part time are counted as being employed
Using the official measure of unemployment, which of the following people is considered unemployed? Select one:...
Using the official measure of unemployment, which of the following people is considered unemployed? Select one: a. a part-time worker who wishes to work full time b. a person who gave up looking for jobs because he or she was discouraged about his or her job prospects c. a person who is working but expects to be laid off at the end of the month d. a person who has been searching for work, but turns down a job paying...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...
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Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one....
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
Select the answer that best describes an underemployed worker. O Cathy, who works full time as...
Select the answer that best describes an underemployed worker. O Cathy, who works full time as a kindergarten teacher Jessica, a full-time college student O Heather, who was laid off six months ago and gave up trying to find a new job two O Bill, who is retired but works part time as a mechanic to stay active O Benny, who works part time as a contract author but would prefer to work full time When the official unemployment rate...
Consider an adult who lost their job last week and now has moved to a new...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one . Group of answer choices unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Question The labor force consists of: Question options: all adults who are able to work. all...
Question The labor force consists of: Question options: all adults who are able to work. all adults who are working, plus those not working. discouraged workers, employed workers, plus those actively seeking work. all adults who are working or actively seeking work. Question The unemployment rate may underestimate the true extent of unemployment if: Question options: there are a large number of people working in the underground economy. employees increase the number of hours they work overtime. many people become...
1. If real GDP equals nominal GDP, then: A. the growth in output was greater than...
1. If real GDP equals nominal GDP, then: A. the growth in output was greater than the growth in the price level. B. there was no inflation. C. the current year is the base year. D. output did not grow. E. the growth in output was equal to the growth in the price level. 2. Nominal GDP is GDP measured in: A.base prices. B.fixed prices. C. current prices. D. marginal prices. E. average prices. 3. When you include discouraged workers...
Question 24 3 pts Official unemployment statistics: include cyclical and structural unemployment, but not frictional unemployment understate unemployment because individuals receiving unemployment compensation are counted as employed understate unemployment because "discouraged workers" are not counted as unemployed overstate unemployment because workers who are involuntarily working part time are counted as being employed
Using the official measure of unemployment, which of the following people is considered unemployed? Select one: a. a part-time worker who wishes to work full time b. a person who gave up looking for jobs because he or she was discouraged about his or her job prospects c. a person who is working but expects to be laid off at the end of the month d. a person who has been searching for work, but turns down a job paying...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
Select the answer that best describes an underemployed worker. O Cathy, who works full time as a kindergarten teacher Jessica, a full-time college student O Heather, who was laid off six months ago and gave up trying to find a new job two O Bill, who is retired but works part time as a mechanic to stay active O Benny, who works part time as a contract author but would prefer to work full time When the official unemployment rate...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
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