international economy Question 21: How do we measure \"headline\" unemployment,

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international economy

Question 21: How do we measure "headline" unemployment, also known as U3 a. Persons must first be counted as "employable" by being counted in the Civilian Force, and then th ose who do not have full or part time jobs but are actively seeking work and reporting to their State unemployment office are calculated as a percentage of the Civilian Labor Force e citizens of the country so that they are counted in the Population and Participation Rate, and then those who do not have full time jobs n the Labor Force appropriate to their skill level are calculated as a percentage of the Civilian c. Persons must first be counted as "'employable" by being counted in the Civ Labor force Force, and then those who do not have full or part time jobs but are actively seeking work of the total and reporting to their State unemployment office are calculated as a percentage Population d. Persons who are of working age (over 15 years of age and below never held a full-time job are calculated as a percentage of the total Population. 65 years of age) but have late Question 22: Both tax reductions and increases in government spending can be used to stimu an economy, but the multiplier effects are larger for spending increases than they are fort reductions. What the main reason why this is true? ax (MPC) a. When a household receives a tax reduction, their marginal propensity to consumer b. Tax reductions cause larger government deficits than do spending increases, and this c. When a household receives a tax reductio d. Tax reductions reduce the overall size of the government sector, and reducing ti increases and this will result in a smaller multiplier effect lowers the long-run rate of growth throughout the economy of the money that they spend will create multiplier effects government sector will always be slightly recessionary n, they save part of the money, and only that part Question 23: Which of the following statements is true with regard to Business Cycles? Business cycles occur most often in economies where most of the jobs are in agriculture industrialization Business cycles are a supply-side phenomenon, resulting from businesses restricting their b. Business cycles occur only in economies that have a large capital goods sector, arising from production in order to keep prices high siness cycles occur in economies where the government sector is too small and cannot stimulate aggregate demand with government spending Question 24: We have spent a lot of time during the term talking about the market for loanable funds. What is the market for loanable funds? a. This is the market where government bonds are sold to private investors b. This is the market where banks lend money to one another in order to meet their reserve requirements on a daily basis c. this is the market where currency is exchanged for payment of imports and other international financial transactions d. Thi is is the for expenditures on goods or physical capital market where banks lend money to investors, consumers and the government

Explanation / Answer

Question 21

U3 is also termed Official Unemployment Rate.

The process to measure U3 unemployment rate is as follows -

Person must be first be counted as "employable" by being counted in the Civilian Labor Force.

Then those who do not have full-time or part-time jobs but are actively seeking work and reporting to their State Unemployment Office are calculated as percentage of the Civilian Labor Force.

The correct answer is the option (a).

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