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Practice Quiz 4 Answers

Practice Quiz 4 Answers - ECN202 Practice Questions Macro...

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ECN202 Practice Questions: Macro Measurement 1. This is a graph of the unemployment rates for different categories of potential workers. Based on the labor market performance of the US economy, which of the following statements would be true? a. If B represents the unemployment rate for high school grads, then A could represent the average for college grads b. If A represents the unemployment rate for married men, then C could represent the average for teenage males c. If C represents the unemployment rate for construction workers, then B could represent the average for managers d. If B represents the unemployment rate for Blacks, then D could represent the average for Whites. The only statement that is incorrect is the one that indicates the unemployment ate for Blacks is higher than it is for whites. All the others are backwards. For example, the rate for married men would be substantially less than the rate for teenagers. 2. Which scatter diagram best represents the relationship between the unemployment rate of teenagers (x) and the unemployment rate of prime age males (y)? There is a positive relationship - they both tend to rise or fall at the same time. 3. Which one of the following statements is not true when we look at the US in the past twenty years? The only statement that is incorrect is the one regarding employment. Employment growth tended to be highest in services and much lower in manufacturing
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