1. A city in has 320,000 employed persons, 40,000 unemployed persons, and an adult population of 600,000. The unemployment rate for the city is:

Group of answer choices

11.1 percent.

6.7 percent.

53.3 percent.

12.5 percent.

2. A city in has 320,000 employed persons, 40,000 unemployed persons, and an adult population of 600,000. The labor force participation rate for the city is:

Group of answer choices

12.5 percent.

53.3 percent.

11.1 percent.

60.0 percent.

3. The term "full employment" implies an unemployment rate of:

Group of answer choices

approximately 5%

zero

100%

approximately 10%

4. Billy loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. As a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. He is considered to be:

Group of answer choices

part of the underground economy.

out of the labor force.

unemployed.

underemployed.

5. Joaquin quits his job as a Concessions (food) Manager at Bulldog Stadium and is looking for new employment as a field-goal kicker for the Los Angeles Rams football team. In terms of the categories of unemployed workers, Joaquin is classified by the BLS as a:

Group of answer choices

New entrants

Job leaver

Job loser

Re-entrants

6. What causes structural unemployment?

a cyclical slowdown (downturn) in the economy

workers searching for suitable jobs and firms looking for suitable workers

the mismatch of workers' skills and the requirements of jobs

short-term, regular, seasonal fluctuations in the job market

7. Unemployment that results from an economy-wide downturn (slowdown) is called:

structural unemployment.

frictional unemployment.

seasonal unemployment.

cyclical unemployment.

8. Which of the following people is structurally unemployed?

Brendan left his job as a cook in New Jersey to become a cook in Madrid, New Mexico. He was unemployed for six weeks during the transition.

Mildred quit her job after giving birth to a child.

Danielle lost her job when the electronics assembly plant was shut down temporarily due to low product sales in a slow economy.

John reduces his work hours as a furnace repairman in order to pursue a college education.

Clem, a skilled textbook maker, lost his job when robotic machinery was programmed to do the work that Clem used to do.

9. The "natural rate of unemployment" is calculated by adding together the ______ rates of unemployment.

cyclical and structural

cyclical and frictional

frictional and structural

cyclical, frictional, and structural

10. If the CPI increases from one year to the next, it can be concluded that the economy has experienced:

inflation.

growth.

stagnation.

deflation.

stagflation.