In order to be classified as unemployed, with the exception of workers who have

Question

In order to be classified as unemployed, with the exception of workers who have been temporarily laid off and are waiting to report back to work, a person must: have filed for unemployment compensation. not have a job. not have worked during the survey week and currently be available for work. not have worked during the survey week, be actively looking for work, and currently be available for work. Structural unemployment occurs when: the actual unemployment rate exceeds the natural rate of unemployment. unemployed workers do not have the skills needed for the available jobs. the number of unemployed workers exceeds the number of job vacancies. workers leave one job to search for another job requiring similar skills. In a population of 300 million people, 150 million are in the labor force and 138.75 million are employed. The unemployment rate is approximately: 2.5%. 5%. 5.3%. 7.5%. When the actual unemployment rate is equal to the natural unemployment rate: frictional unemployment exceeds structural unemployment. structural unemployment exceeds frictional unemployment. cyclical unemployment is zero. there is some cyclical unemployment. All of the following are considered to be part of the labor force except: persons who like to work but are not employed or actively seeking employment. persons who are laid off and are currently seeking other jobs. part-time workers who are seeking full-time employment. persons who are employed in positions for which they are overqualified. The inflation rate calculated using the Consumer Price Index (CPI) measures: the percentage change in the cost of a fixed market basket of consumer goods and services. the percentage change in the cost of all goods and services purchased by every consumer each year. the percentage change in the cost of living for all consumers. the average percentage change in the prices of all goods and services produced.

Explanation / Answer

1. c. (it's one exemption to the rule, need not have been looking for work to be classified as unemployed).

2. b.

3. 7.5%

(150 - 138.75 = 11.25 / 150 x 100).

4. c.

5. b.

6. a. (the cost of basket of goods and services compared overtime

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