What is the present value of a $5,000 payoff in three years at 2.5% interest rate? Q a.$4642.99 O b.$5394.56 O c. $2560.00 0 d.$4878.05 QUESTION 2 2 points Save Answer The cyclical unemployment rate is dened as the unemployment rates. 0 a. sum of the structural and the frictional O b.difference between the structural and the frictional. O c. difference between the actual and the natural rate of unemployment. O d.sum of the natural and the frictiona. QUESTION 3 2 points Save Answer Jones quit his job in industry A, but he has skills that can be transferred to industry B (which is currently hiring). Smith lost a job in industry C, but his skills cannot be transferred to industry B or to any other industry. Jones is unemployed and Smith is unemployed. O a. structurally; frictionally O b.structurally; structurally O c. frictionally; frictionally O d.frictiona||y; structurally Acountry's living standard is best measured by the: O a. per capita nominal GDP. 0 b. per capita real GDP 0 C. GDP. 0 d.nominal GDP. QUESTION 5 2 points Save Answer "Full employment" is said to exist when the actual unemployment rate equals 0 a. zero. 0 b. the cyclical unemployment rate. O c. the structural unemployment rate. Q d.the natural rate of unemployment. QUESTION 6 2 points Save Answer Due to the current slump in the economy. Melanie has been laid off from her programming job. Her employer promises to rehire her when business pick up. Melanie is O a.frictionally unemployed O b. cyclically unemployed O c. structurally unemployed Q d. voluntarily unemployed The number of employed persons plus the number of unemployed persons equals the number of persons O a. in the total population. O b. in the civilian noninstitutional population. 0 c. in the civilian labor force. Q d. not in the labor force. QUESTION 8 2 points Save Answer The marginal propensity to consume plus the marginal propensity to save is O a. equal to zero. O b.greater than zero but less than one. O c. equal to one. Q d.greater than one. QUESTION 9 2 points Save Answer Discouraged workers O a. are the number of people who work part time because they cannot nd full-time jobs. O b.are nonworking people who are capable of working but have given up looking for a job given the state of the job market. O c. are the number of people who have voluntary quit theirjob because their pay rate is less than the legal minimum wage. O d.are seasonal workers who are unable to nd job in their off season. When the MPC = 0.9, the multiplier is O a. 0.20 O b. 1.25 O c. 2.50 O d. 10.00 QUESTION 11 2 points Save Answer Government purchases rise by $100 billion and the MPC is equal 0.75. Assuming that idle resources exist at each expenditure round, and the multiplier is operative, the change in Real GDP equals: Hint: Find the multiplier first. O a. $400 billion. O b. $75 billion. O c. $40 billion. O d. $750 billion. QUESTION 12 2 points Save Answer Which of the following equations describes the calculation of the Natural Unemployment? O a. Natural unemployment = cyclical unemployment + structural unemployment. O b. Natural unemployment = frictional unemployment + structural unemployment. O c. Natural unemployment = frictional unemployment + cyclical unemployment. O d. Natural unemployment = frictional unemployment + structural unemployment + cyclical unemployment
