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1. A major macroeconomic goal of nearly every society is: a. maintaining stability of prices. b. maintaining high levels of employment. c. achieving high rates of economic growth. d. all of the above. 2. Real gross domestic product is the total value of all: a. goods and services produced in a country adjusted for inflation. b. goods and services produced in a country without an adjustment for inflation. c. final goods and produced in a country services adjusted for inflation. d. final goods and services produced in a country without adjustment for inflation. 3. The unemployment rate is the number of people classified as unemployed as a percentage of a. the entire population. b. the population over the age of sixteen. c. the labor force. d. the number of people over the age of sixteen who are employed. 4. The unemployment rate measures: a. unemployed workers as a percentage of the population. b. unemployed workers as a percentage of the population over the age of sixteen. c. unemployed workers as a percentage of the labor force. d. the number of people unemployed divided by the number of people employed. 5. The unemployment rate is defined as: a. unemployed workers plus discouraged workers, divided by the total population over the age of sixteen. b. part-time workers plus full-time workers, divided by the total population over the age of sixteen. c. the percentage of the labor force that is unemployed. d. the percentage of the population over the age of sixteen that is unemployed. 6. The total labor force consists of: a. the entire population. b. the population over the age of sixteen. c. the number of officially employed persons. d. the number of officially employed persons plus the number of officially unemployed persons. 7. The official unemployment rate may not reflect the true state of unemployment because: a. part-time employees who want to work more hours are treated the same statistically as those who hold full-time jobs. b. some individuals who want to work may become discouraged and cease actively looking for work. c. workers laid off from their jobs and looking for new ones are not counted among the unemployed. d. (a) and (b) only. 8. The official unemployment rate may not reflect the true state of unemployment because: a. Some workers may go through the motions of looking for work to keep their unemployment benefits, but not actually be looking for work. b. Some people who are working in the underground economy may be classified as unemployed. c. Some may leave the labor force and go back to school only because job conditions are currently poor. d. all of the above