Question Details

How many officially unemployed are there 



1. If the population over 15 years of age is 160 million, the number of discouraged workers is 10 million, the labor force is 110 million and total employment is 90 million, then the measured unemployment rate is 
a) less than 10% b) 10% c) greater than 10% but less than 15% d) 15% or more 
2. Suppose the population over age 15 is 160 million, the number of discouraged workers is 5 million, the participation rate is 75 percent and the unemployment rate is 10 percent. How many officially unemployed are there ? 
a) less than or equal to 10 million b) greater than 10 and less than 15 million 
c) greater than or equal to 15 million but not more than 17 million 
d) more than 17 million 
3. Suppose the population over age 15 is 140 million, the participation rate is 60 percent, and the unemployment rate is 10 percent. If the number of discouraged workers increases by 2 million, the unemployment rate becomes 
a) less than or equal to 7.7% b) more than 7.7% but less than 8.7% 
c) greater than or equal to 8.7% but not more than 10% d) greater than 10% 
4. Suppose the population over age 15 is 150 million, the number of discouraged workers is 5 million, the unemployment rate is 10 percent and there are 90 million employed. The participation rate is 
a) less than 63% b) 63% or more but less than 70% c) 70% d) more than 70% 
5. Suppose frictional unemployment is 1 percent, structural unemployment is 2 percent, cyclical unemployment is 3 percent, and unemployment due to unemployment insurance and minimum wage legislation is 4 percent. Based on this information the NRU is 
a) 3% or less b) 4%, 5% or 6% c) 7%, 8% or 9% d) 10% or more



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