Quiz 4-Macroeconomics

Quiz 4-Macroeconomics - Macroeconomics Quiz 4 Name:_ _...

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Macroeconomics Quiz 4 Name:_______ ____________________________ __D_____1. The deviation of unemployment from its natural rate is called a. the unnatural rate of unemployment. b. structural unemployment. c. frictional unemployment. d. cyclical unemployment. Use Table to answer questions 2 – 4 Table 1 Labor Data for Wrexington Year 2004 2005 2006 Adult population 2000 3000 3200 Number of employed 1400 1300 1600 Number of unemployed 200 600 200 ____B___2. Refer to Table 1. The labor force of Wrexington in 2004 was a. 1400. b. 1600. c. 1800. d. 2000. ___B____3. Refer to Table 1. The unemployment rate of Wrexington in 2006 was a. 6.25%. b. 11.1%. c. 12.5%. d. 56.25%. ___C____4. Refer to Table 1. The labor-force participation rate of Wrexington in 2005 was a. 43.3%. b. 54.2%. c. 63.3%. d. 68.4%.
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____A___5. Discouraged workers a. are counted as out of the labor force but should be counted as unemployed. b. are counted as unemployed but should be counted as out of the labor force. c. are correctly counted as out of the labor force. d.
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This note was uploaded on 01/31/2012 for the course ECON 201 taught by Professor Sinha during the Winter '11 term at Post.

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Quiz 4-Macroeconomics - Macroeconomics Quiz 4 Name:_ _...

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