Macro Study

How do you calculate the LABOR FORCE?

How do you calculate the UNEMPLOYMENT RATE?

How do you calculate the LABOR FORCE PARTICIPATION RATE?

How do you calculate the EMPLOYMENT POPULATION RATIO?

Horse carriage makers who lose their jobs as consumers switch from horses to cars in the early 20th century is an example of which of the following?

• Cyclical Unemployment

• Structural Unemployment

• Natural Unemployment

• Frictional Unemployment

How many types of Unemployment are there?

• Four

• Two
• Five
• Three

Short-term unemployment that arises from the process of matching workers with jobs:

• Structural Unemployment

• Frictional Unemployment

• Cyclical Unemployment

Unemployment that arises from a persistent mismatch between the skills and attributes of workers and the requirements of jobs:

• Structural Unemployment

• Frictional Unemployment

• Cyclical Unemployment

Unemployment causes by a business cycle recession:

• Structural Unemployment

• Frictional Unemployment

• Cyclical Unemployment

The CPI for the US is 78 in January 1980 and 296.761 in September 2022. Calculate the INFLATION RATE over this period.

• 280%

• 150%

• 210%

• 320%