Question 1 Given the following information, Total population: 20,000 Working-age (non-institutionalized) population: 15,000 Employment: 3,000 Unemployment: 100 The unemployment rate for this economy equals: O (100/3,000) x 100. O (100/3,100) x 100. O (100/15,000) x 100. O (100/20,000) x 100. Question 2 Workers laid off as a result of the recent Covid-19 recession are considered as part of: O frictional unemployment numbers. O structural unemployment numbers. O cyclical unemployment numbers. O seasonal unemployed numbers.Question 3 Which of the following is an example of structural unemployment? 0 Yellow Cab lays off 6,000 taxi drivers and replaces them with automated self-d riving cars. The taxi drivers look for work in another industry' O The economy is doing worse. so Yellow Cab closes clown 10 dispatch ofces and lays off taxi drivers. 0 Each month, on average three Yellow Cab drivers quit their jobs in the city to move to the countryside and start searching for work in their new town. 0 Each month, on average, one of the Yellow Cab drivers who quits and moves to the country will decide to stop job searching for a new job and retire. Question 4 Which of the following groups is not considered part of the "Hid den Unemployment"? 0 Individuals who retire before age 65. O Discouraged workers who have given up looking forjob because of poorprospects. 0 People working at a lower paying job that does not utilize their skill level or education. 0 People working part-time jobs or temporary jobs because they can't nd f ulI-time employment; Question 5 Which of the following individuals would be considered unemployed? O A college sludent who is neither working nor looking for work 0 A construction worker who has a part-time job and would prefer to have a full-time job 0 An accountant who reads the newspaper jobs section and mails her resume to accounting rms 0 A recent college graduate who received a job offer but hasn't started working yet. Question 6 Given the following information. Total population: 20,000 Workingage {noninstitutionalized) population: 15,000 Employment: 3.000 Unemployment: 100 The labor force participation rate for this economy is: O (1'000f3,100) X 100. O lflJZiCliZi."15.iIICll.'J]|x 100. O (3'100f15.000}3