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20) When people give up actively looking for work, other things being equal, the Select one:working-age population decreases.unemployment rate...
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20) When people give up actively looking for work, other things being equal, theSelect one:

a. working-age population decreases.

b. unemployment rate increases.

c. they are no longer counted as unemployed

d. labour force participation rate increases.

21)The demand for restaurant meals increases as the government-imposed lockdown laws are gradually relaxed. As a result, restaurants hire more workers. This would lead to a decrease in

Select one:

a. cyclical unemployment

b. natural unemployment

c. frictional unemployment

d. structural unemployment

22) If the number employed is 12 million, the working-age population is 16 million, and the number unemployed is 0.9 million, then the unemployment rate is —.

Select one:

a. 5.51%

b. none of the answers is correct

c. 5.17%

d. 6.97%

23)The demand for Canadian dollar will not be affected by

Select one:

a. A Canadian firm that wants to purchase Australian iron ore.

b. An Australian investor who wants to buy Canadian shares.

c. A hedge fund manager that expects a large appreciation in the value of the Canadian dollar.

d. An Australian bank that wants to buy Canadian government debt.

24) A country imports $15 billion worth of goods and services, while its sales of goods and services to other country is $18 billion. If it's net primary income is $4 billion and net secondary income is $1 billion then it has

Select one:

a. deficit of $38 billion in its current account.

b. $11 billion surplus in its current account.

c. $8 billion surplus in its current account.

d. $6 billion surplus in its current account.

25) Suppose that the real GDP is $14 trillion, potential GDP is $16 trillion and taxes were cut by 500 billion to bring economy to the full employment. The implied value of the tax multiplier is

Select one:

a. 1.6

b. -4

c. 2

d. None of these options is correct. Taxes should be increased in this case.

26) If Marta, a full-time worker starts working part-time to spend more time with her family, the

Select one:

a. economy will move away from the full employment.

b. official unemployment rate will not change.

c. official unemployment rate will fall.

d. official unemployment rate will increase

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Subject: Business, Economics

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