Take Quiz D Question 1 1 pts Time Elapsed: Attempt due Dec 1 at 1 Minute, 20 Seco The unemployment rate is interpreted as the: percentage of the population that are not employed percentage of the labor force that are working percentage of the labor force that are unemployed percentage of the population that are not working full-time D Question 2 1 pts In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are: are included in the labor force as employed treated the same as part-time workers not included in the labor force are included in the labor force as unemployed D Question 3 1 pts Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 200 million. Employed = 144 million Unemployed = 6 million What is the unemployment rate in this economy? 3% 4.1% O 4% 6%Take Quiz O 4.1% O 4% 6% D Question 4 1 pts Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 250 million. Employed = 138 million Unemployed = 12 million What is the unemployment rate in this economy? O 8% O 8.7% 12% O 4.8% D Question 5 1 pts Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 800 million. Employed = 364 million Labor Force = 400 million What is the unemployment rate in this economy? 9% 4.5% 91% 36% D Question 6 1 ptsTake Quiz 36% D Question 6 1 pts Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 400 million. Employed = 279 million Labor Force = 300 million What is the unemployment rate in this economy? 21% 5.25% 25% 7% D Question 7 1 pts Consider an economy with the following data: Population (civilian, 16 and older, non-institutionalized) = 100 million. Employed = 60 million Unemployed = 20 million What is the Labor Force Participation Rate in this economy? 80% 20% 25% 60%D Question 8 1 pts Erica works as a ski-instructor at Mt. Spokane Ski Resort. However, when the snow melts, she finds herself without a job. This would be an example of: O cyclical unemployment recessionary unemployment structural unemployment O seasonal unemployment D Question 9 1 pts The natural rate of unemployment is 5% and the actual rate is 8%. That means: O Cyclical unemployment is 3% Seasonal and Frictional Unemployment is 3% O Cyclical unemployment is 13% Seasonal and Frictional and Structural unemployment is 3% D Question 10 1 pts If the natural rate of unemployment was 6 percent, the current unemployment rate was 10 percent, and the potential GDP was $2,000 billion, then according to Okun's law the economy would have a GDP gap of: O $320 billion $480 billion $80 billion $160 billion