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.
3 answers
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