QUESTIONS AND CORRECT ANSWERS
GRADED A
Suppose that there are 70 million people in the labor force, of whom 60
million are employed. The unemployment rate is:
a. 7%.
b. 10%.
c. 14.29%.
d. 4.2%. - correct answer c. 14.29%.
Andre recently moved to Boston with his partner Deja, who has a new
job as an economics professor at Harvard. Andre is an experienced
surgeon who is interviewing with several hospitals in Boston. Andre is:
a. frictionally unemployed.
b. structurally unemployed.
,
,
,