MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 6, Problem 8SQ
To determine
The period of
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(Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent.
a. What would be the size of the U.S. labor force?
b. If 85 million adults are not working, what is the unemployment rate?
What type of unemployment might older workers be more prone to experience? Explain how the unemployment rate of older workers is influenced by the business cycle.
Older workers are more prone to experience _______ unemployment. During a recession, the unemployment rate of older workers _______.
A.
structural; decreases
B.
natural; remains constant
C.
structural; increases
D.
frictional; decreases
4 Out of 20 million people in the population, 9 million people are in the labour force and 3 million are unemployed, therefore the unemployment rate is:(1) 3 percent. (2) 15 percent. (3) 30 percent. (4) 33,3 percent.
Chapter 6 Solutions
MACROECONOMICS FOR TODAY
Ch. 6.4 - Prob. 1YTECh. 6.4 - Prob. 2YTECh. 6.4 - Prob. 3YTECh. 6.5 - Prob. 1YTECh. 6 - Prob. 1SQPCh. 6 - Prob. 2SQPCh. 6 - Prob. 3SQPCh. 6 - Prob. 4SQPCh. 6 - Prob. 5SQPCh. 6 - Prob. 6SQP
Ch. 6 - Prob. 7SQPCh. 6 - Prob. 8SQPCh. 6 - Prob. 9SQPCh. 6 - Prob. 10SQPCh. 6 - Prob. 11SQPCh. 6 - Prob. 1SQCh. 6 - Prob. 2SQCh. 6 - Prob. 3SQCh. 6 - Prob. 4SQCh. 6 - Prob. 5SQCh. 6 - Prob. 6SQCh. 6 - Prob. 7SQCh. 6 - Prob. 8SQCh. 6 - Prob. 9SQCh. 6 - Prob. 10SQCh. 6 - Prob. 11SQCh. 6 - Prob. 12SQCh. 6 - Prob. 13SQCh. 6 - Prob. 14SQCh. 6 - Prob. 15SQCh. 6 - Prob. 16SQCh. 6 - Prob. 17SQCh. 6 - Prob. 18SQCh. 6 - Prob. 19SQCh. 6 - Prob. 20SQ
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- The natural rate of unemployment is a. when the economy is at potential GDP. b. when the unemployment rate is at full employment. c. when there is no cyclical unemployment. d. all of the above. e. only a and b.arrow_forwardThe biggest types of unemployed people that the world right now are caused by poor economic activities. Which type of unemployment is this situation related to? a. Structural b. Frictional c. Cyclical d. Naturalarrow_forwardHow does the unemployment rate behave over the business cycle? The unemployment rate _______. A. remains relatively constant over the business cycle at an average of 5.7 percent B. equals 10 percent during a recession and falls to zero during an expansion C. rises during a recession and falls during an expansion D. equals 100 minus the employment-population ratio over the business cyclearrow_forward
- Suppose there are 50 million persons in the population, 25 million persons in the civilian labor force, and 20 million persons are employed. The number of people unemployed is _______ million and the unemployment rate is ___________ percent. Please choose correct option- A. 25; 50 B. 5; 10 C. 5; 20 D. 10; 10arrow_forwardWhere on the Business Cycle are we most likely to find the highest unemployment? A) Expansion B) Trough C) Peak D) Contraction (Recession)arrow_forwardUse the data below that describes a nation’s population to answer the following questions: a) How many people are unemployed each year? b) How many people are employed each year? c) What impact would a recession have on the full-employment rate of unemployment of 4.0%? Year 1 Year 2 Population 330 million 335 million Labor Force 170 million 175 million Unemployment rate 7 percent 6 percentarrow_forward
- 2. Which of the following indicates that Mr. Ali lost his job because of the shutdown of an Airline office in Oman? a.Cyclical unemployment b.Classical unemployment c.Disguised unemployment d.Structural unemploymentarrow_forwardBased on the following data, compute a) the unemployment rate, b) the structural unemployment rate, c) the cyclical unemployment rate. fractional unemployment: 2 percent national unemployment rate: 5 percent civilian labor force: 100 million number of employed persons: 82 millionarrow_forwardDuring a recession, the Part 2 A. cyclical rate of unemployment is positive. B. cyclical rate of unemployment is negative. C. cyclical rate of unemployment is zero. D. natural rate of unemployment has fallen.arrow_forward
- The U.S. unemployment rate increased from 4.6% in July 2001 to 5.9% by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? Why?arrow_forwardNow think like an economist. One concern about unemployment, from a societal aspect, is that? A) Unemployed stop paying taxes B) It takes a long time to find a new job C) Childcare is expensive D) Exports declinearrow_forwardThe rise in unemployment that occurs because of a recessionis known as cyclical unemployment, because it is closely tied to the ______________. a)labor supply b)natural rate ofunemployment c)supply curve d)business cyclearrow_forward
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