Economics

1. According to the data table below, what is the unemployment rate?:

Total Population: 1,500
Population under 16 or institutionalised: 360
Not in the labor force: 450
Unemployed: 69
Workers with part-time work who want full-time: 30

A. 10%
B. 11%
C. 8.4%
D. 6.9%
E. 14%

2. According to the data table below, what is the size of the labor force?:

Total Population: 1,500
Population under 16 or institutionalised: 360
Not in the labor force: 450
Unemployed: 69
Workers with part-time work who want full-time: 30

A. 1500
B. 940
C. 1401
D. 690
E. 550

3. According to the data below, what is the size of the labor force?

Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million

A. 200 million
B. 133 million
C. 192 million
D. 125 million

4. According to the data below, what is the unemployment rate?

Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million

A. 7%
B. 5.4%
C. 10.1%
D. 6.2%
E. 6%

5. According to the data below, what is the labor-force participation rate?

Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million

A. 66.5%
B. 72.5%
C. 68.1%
D. 61%
E. 63%

6. A record player repairman who has not learned how to repair a CD and DVD technology

A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment

7. A computer programmer who quits his job to look for a better one with benefits

A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment

8. A high school dropout with few skills who has been looking for a job for months

A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment

9. A person whose job has been automated out of existence

A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment

10. A top salesman for a computer company who quit his job because he did not like the boss

A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment

Answers:
1. I have no idea and have tried plugging in every number to get a percentage that matches the ones given
2. D
3. B
4. E
5. A
6. C
7. A
8. A
9. C
10. A

If you can tell me which ones are right that'd be great. And for the ones that are wrong can you either tell me the right answer or give me a tip to get to the right answer, please.

  1. 👍 0
  2. 👎 0
  3. 👁 294
asked by Wesley
  1. Study, study, study:
    http://www.khanacademy.org/economics-finance-domain/

    Search and re-search:
    http://hanlib.sou.edu/searchtools/
    and (not "or"!)
    http://www.hackcollege.com/blog/2011/11/23/infographic-get-more-out-of-google.html

  2. hey writeacher, you will really get from me one day. You are acting over smart. I will smack you.

    1. 👍 0
    2. 👎 0
    posted by anon
  3. WRONG WRONG WRONG

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Calculus

    The CIA published data about foreign countries on its web page. In particular they show total population as well as population growth. If a student is looking at Russia, they will see that the total population of Russia is

    asked by Jamie on June 17, 2014
  2. Economics

    1.Gross Domestic Product Explain the difference between nominal GDP and real GDP. 2.Unemployment Name and explain the three types of unemployment. 3.Inflation Name and explain the two types of inflation. Use the following

    asked by Mapely on May 3, 2017
  3. pre calc

    population of city has varied considederably in recent years. the data it the relates the pollution P to time t, in years, where t=0 correponds to 1990. use a quadratic function fitted to the data to predict the population in 2000

    asked by wally on October 22, 2014
  4. mathematics

    a town has a population of 8400 in 1990. Fifteen years later, it's population had grown to 12 500. Assuming that the population continues to grow at the same exponential rate, when will the population reach 20 000? Please help im

    asked by david on January 7, 2018
  5. Macroeconomics

    Calculating the unemployment rate given the labor force and the number of people unemployed: Unemployment rate = number of people unemployed/labor force However, why is the calculation different (according to how I had to do for

    asked by Kid on September 20, 2018
  6. Stats

    The population (in millions) and the violent crime rate (per 1000) were recorded for 10 metropolitan areas. The data are shown in the following table. Do these data provide evidence to reject the null hypothesis that ρ = 0 in

    asked by Rustie on November 12, 2014
  7. Math

    The population (in millions) and the violent crime rate (per 1000) were recorded for 10 metropolitan areas. The data are shown in the following table. Do these data provide evidence to reject the null hypothesis that ƒÏ = 0 in

    asked by Tracy on June 27, 2013
  8. stats

    The population (in millions) and the violent crime rate (per 1000) were recorded for 10 metropolitan areas. The data are shown in the following table. Do these data provide evidence to reject the null hypothesis that ƒÏ = 0 in

    asked by sarah on October 30, 2013
  9. statistics

    The population (in millions) and the violent crime rate (per 1000) were recorded for 10 metropolitan areas. The data are shown in the following table. Do these data provide evidence to reject the null hypothesis that ƒÏ = 0 in

    asked by Tracy on June 29, 2013
  10. Algerba

    Pick a country of your choice that is experiencing population growth. find the most recent population count of the country you have chosen and the population growth rate of that country. Use that growth rate to approximate the

    asked by Vision/Help on October 27, 2007

More Similar Questions