Hello,

I need help with questions 1 through 10 please.

Thank you.

Question 1 (1 point] Which of the following people could be classified correctly as a discouraged worker? O A) A retired person is discouraged that they can't afford to travel. 0 B) A professional actor is discouraged because they never seem to get leading roles. O C) A construction worker is not employed. They want to work, but they are not actively seeking work because the unemployment rate is high. 0 D} A fast-food worker feels discouraged whenever the weekend is over. Question 2 {1 point] The unemployment rate is defined as 0 Al {if unemployed / if in labor force} x 100 0 Bl (# unemployed f if in working age population} 3: 100 0 Cl {# in labor force I if in population] x 100 0 Bl (if unemployed / if in popuiation) x 100 Question 3 {1 point) What happens to the purchasing power of money when we have inflation? 0 Al It increases. 0 Bl It decreases. 0 Cl It could increase or decrease. O Dl It stays the same. Question 4 {1 point) Who is disadvantaged or harmed by inflation? 0 Al Importers and exporters. O B) People who receive fixed nominal incomes. O C) Peopie who pay fixed nominal payments. 0 D} Producers. Question 5 {1 point) As a percent of the labor force, frictional plus structural unemployment makes up what is known as 0 Al The cyclical rate of unemployment O B} The trade deficit 0 Cl The natural rate of unemployment O D} The real GDP Question 6 {1 point) Assume that in a given year, the Consumer price index is exactly equal to 200. If your nominal income in that year is $100,000, what is your real income? 0 $40,000 0 $50,000 0 $10,000 0 $200,000 Question 7 {1 point) How does a cost of living adjustment (COLA) work? 0 A} It indexes prices to international trade. 0 B} It indexes fixed nominal payments to a price index. 0 C) It reiies upon the discretion of the President. 0 D} It causes deflation. Question 8 {1 point) What is hyperinflation? 0 It's when the inflation rate is positive but failing faster than 5% per year. 0 It's when the general price level is rising faster than 50% per year. 0 It's when the general price level if falling faster than 50% per year. 0 It's when the producer price index is falling. Question 9 (1 point) What is the Consumer Price Index {CPI}? O A} A price index constructed from securities prices O B) A price index constructed from wholesale prices 0 C} A price index constructed from the prices of goods bought by households 0 D} The broadest measure of inflation calculated by economists Question 10 [1 point} Which of the following groups of people are not in the labor force? 0 A} part-time workers 0 B) retired people O C} unemployed people 0 D} government workers