a) Which of the following is not true?Frictional unemployment on the labor market arises from a lack of information in the labor marketCyclical unemployment exists because of a recessionIt is logically impossible for both the unemployment and the employment rates to both simultaneously increase or decrease togetherStructural unemployment exists because of mismatched worker skills and job availabilityFull employment requires that no cyclical unemployment exists on the labor market b) Suppose we have the following: (4th order) Value of trees $5 per tree and 1,000 tree harvested; (3rd order) 1,000 trees fabricated in to $25 wood pulp per ton (1,000 tons): (2nd order) 50,000 rolls of facial tissue ($10 each); (1st order consumer goods) of 30,000 boxes of Kleenex tissue at Safeway for $1 each. Which of the following it the correct calculation of GNP?$540,000$400,000$450,00030,000None of the above is correct

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Answered: a) Which of the following is not true?…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 29RQ: What type of unemployment (cyclical, frictional, or structural) applies to each of the following:...

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a) Which of the following is not true?

Frictional unemployment on the labor market arises from a lack of information in the labor market
Cyclical unemployment exists because of a recession
It is logically impossible for both the unemployment and the employment rates to both simultaneously increase or decrease together
Structural unemployment exists because of mismatched worker skills and job availability
Full employment requires that no cyclical unemployment exists on the labor market

b) Suppose we have the following: (4^th order) Value of trees $5 per tree and 1,000 tree harvested; (3^rd order) 1,000 trees fabricated in to $25 wood pulp per ton (1,000 tons): (2^nd order) 50,000 rolls of facial tissue ($10 each); (1^st order consumer goods) of 30,000 boxes of Kleenex tissue at Safeway for $1 each. Which of the following it the correct calculation of GNP?

$540,000
$400,000
$450,000
30,000
None of the above is correct

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