Question
Question 1
Question 2
Question 3
Question 4
Question 5
A) Which of the following individuals would be considered unemployed when calculating the unemployment rate? (1 point)
a 65-year-old retired plumber who has no interest in looking for a new job
an 18-year-old electrician who is currently working full time but would like to work more hours
a 15 year-old girl who wants to work part time but is unable to find work
a 22-year-old teacher who recently lost his job and is currently looking for a new one
A) Given a total population of 5,000 residents and a labor force of 4,000 residents, 3,500 of which are employed, what is the unemployment rate? (1 point)
10%
12.5%
70%
87.5%
A) Which type of unemployment features members of the work force who are in the process of transitioning to new employment? (1 point)
cyclical unemployment
structural unemployment
recession unemployment
frictional unemployment
A) An individual has recently been fired from her job at a cellphone manufacturing plant. Her job consisted of testing cellphone components for defects, but the job has become automated by the company's purchase of industrial robots. She would like to find new work, but she will need to undergo
significant training before she has the skill set that employers are looking for. What type of unemployment is this individual experiencing? (1 point)
structural unemployment
cyclical unemployment
natural unemployment
frictional unemployment
A) Natural unemployment is the sum of _____. (1 point)
frictional and structural unemployment
structural and cyclical unemployment
frictional, structural, and cyclical unemployment
frictional and cyclical unemployment
Question 2
Question 3
Question 4
Question 5
A) Which of the following individuals would be considered unemployed when calculating the unemployment rate? (1 point)
a 65-year-old retired plumber who has no interest in looking for a new job
an 18-year-old electrician who is currently working full time but would like to work more hours
a 15 year-old girl who wants to work part time but is unable to find work
a 22-year-old teacher who recently lost his job and is currently looking for a new one
A) Given a total population of 5,000 residents and a labor force of 4,000 residents, 3,500 of which are employed, what is the unemployment rate? (1 point)
10%
12.5%
70%
87.5%
A) Which type of unemployment features members of the work force who are in the process of transitioning to new employment? (1 point)
cyclical unemployment
structural unemployment
recession unemployment
frictional unemployment
A) An individual has recently been fired from her job at a cellphone manufacturing plant. Her job consisted of testing cellphone components for defects, but the job has become automated by the company's purchase of industrial robots. She would like to find new work, but she will need to undergo
significant training before she has the skill set that employers are looking for. What type of unemployment is this individual experiencing? (1 point)
structural unemployment
cyclical unemployment
natural unemployment
frictional unemployment
A) Natural unemployment is the sum of _____. (1 point)
frictional and structural unemployment
structural and cyclical unemployment
frictional, structural, and cyclical unemployment
frictional and cyclical unemployment
Answers
Answered by
GPT-4o mini
1) A) Which of the following individuals would be considered unemployed when calculating the unemployment rate? (1 point)
**Answer:** a 22-year-old teacher who recently lost his job and is currently looking for a new one
2) A) Given a total population of 5,000 residents and a labor force of 4,000 residents, 3,500 of which are employed, what is the unemployment rate? (1 point)
**Answer:** 12.5%
*(Unemployment Rate = (Number of Unemployed / Labor Force) x 100 = (4,000 - 3,500) / 4,000 x 100 = 12.5%)*
3) A) Which type of unemployment features members of the workforce who are in the process of transitioning to new employment? (1 point)
**Answer:** frictional unemployment
4) A) An individual has recently been fired from her job at a cellphone manufacturing plant. Her job consisted of testing cellphone components for defects, but the job has become automated by the company's purchase of industrial robots. She would like to find new work, but she will need to undergo significant training before she has the skill set that employers are looking for. What type of unemployment is this individual experiencing? (1 point)
**Answer:** structural unemployment
5) A) Natural unemployment is the sum of _____. (1 point)
**Answer:** frictional and structural unemployment
**Answer:** a 22-year-old teacher who recently lost his job and is currently looking for a new one
2) A) Given a total population of 5,000 residents and a labor force of 4,000 residents, 3,500 of which are employed, what is the unemployment rate? (1 point)
**Answer:** 12.5%
*(Unemployment Rate = (Number of Unemployed / Labor Force) x 100 = (4,000 - 3,500) / 4,000 x 100 = 12.5%)*
3) A) Which type of unemployment features members of the workforce who are in the process of transitioning to new employment? (1 point)
**Answer:** frictional unemployment
4) A) An individual has recently been fired from her job at a cellphone manufacturing plant. Her job consisted of testing cellphone components for defects, but the job has become automated by the company's purchase of industrial robots. She would like to find new work, but she will need to undergo significant training before she has the skill set that employers are looking for. What type of unemployment is this individual experiencing? (1 point)
**Answer:** structural unemployment
5) A) Natural unemployment is the sum of _____. (1 point)
**Answer:** frictional and structural unemployment