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Number 5: The labor force participation rate measures the number of people: (A) In the labor force as a percentage of the population y (B)

Number 5: The labor force participation rate measures the number of people:

(A) In the labor force as a percentage of the population y

(B) In the labor force as a percentage of the population at least sixteen years old

(C) In the labor force as a percentage of the total population

(D) Who are working as a percentage of the labor force

Number 8: To calculate the unemployment rate, the BLS

(A) calculates the % of people between 15 - 25 who are not working

(B)calculates the % of people over the age of 16 who are working

(C) conducts a survey of some 60,000 families

(D) counts the number of people collecting Social Security benefits

checks the number of people collecting unemployment insurance benefit

Number 13: Which of the following are consequences of unemployment?

(A) A decline in output and income

(B) A rising price level, which reduces the purchasing power of consumers

(C) A rising aggregate output and income

(d) An increase in the money supply which increases inflation

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