Roussel ECON 2030 Exam 2
Comprehensive Questions
(Frequently Tested) and Complete
Solutions Graded A+
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The term "business cycle" refers to the _____ fluctuations in _____. -
Answer: short term; economic growth rate
,In the United States unemployment rates tend to move _____. This
means that when the economy is experiencing _____, unemployment
rates increase, everything else held constant. - Answer:
countercyclically; recession
What describes the economic performance of the United States in 2008
if unemployment rate began at 5.0% and ended at 7.3%? - Answer:
recession
Household surveys - Answer: The sample is selected to reflect the
entire civilian noninstitutional population. It classifies people 16 years
and over as employed, unemployed, or not in the labor force.
employment classifications - Answer: own business, own profession,
own farm, even if they weren't paid, as long as they worked over 15
hours.
or any paid employeeship at all.
counted still if temporarily absent from job.
unemployment classifications - Answer: no employment even though
they were available or searching for a job. people expecting recall from
a job they were fired from. based on if you have submitted applications
or not.
, unemployment rate - Answer: labor force unemployed / all labor force
civilian labor force - Answer: sum of employed and unemployed
people. if you are not actively looking for a job you aren't in this.
labor force participation rate - Answer: labor force / total population
(as a percentage)
employment-population ratio - Answer: employment/working age
population
Suppose Kurt, a 73-year old lawyer living and working in Baton Rouge,
has spent the last four weeks on vacation in the Caribbean. During this
period, he has been relaxing on his sailboat and has not done any work.
Is Kurt included in the civilian noninstitutional population? If so, why? -
Answer: yes because he is not institutionalized and is over 16
Suppose Kurt, a 73-year old lawyer living and working in Baton Rouge,
has spent the last four weeks on vacation in the Caribbean. During this
period, he has been relaxing on his sailboat and has not done any work.
Comprehensive Questions
(Frequently Tested) and Complete
Solutions Graded A+
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic Support
Helping Students Achieve Academic Excellence
The term "business cycle" refers to the _____ fluctuations in _____. -
Answer: short term; economic growth rate
,In the United States unemployment rates tend to move _____. This
means that when the economy is experiencing _____, unemployment
rates increase, everything else held constant. - Answer:
countercyclically; recession
What describes the economic performance of the United States in 2008
if unemployment rate began at 5.0% and ended at 7.3%? - Answer:
recession
Household surveys - Answer: The sample is selected to reflect the
entire civilian noninstitutional population. It classifies people 16 years
and over as employed, unemployed, or not in the labor force.
employment classifications - Answer: own business, own profession,
own farm, even if they weren't paid, as long as they worked over 15
hours.
or any paid employeeship at all.
counted still if temporarily absent from job.
unemployment classifications - Answer: no employment even though
they were available or searching for a job. people expecting recall from
a job they were fired from. based on if you have submitted applications
or not.
, unemployment rate - Answer: labor force unemployed / all labor force
civilian labor force - Answer: sum of employed and unemployed
people. if you are not actively looking for a job you aren't in this.
labor force participation rate - Answer: labor force / total population
(as a percentage)
employment-population ratio - Answer: employment/working age
population
Suppose Kurt, a 73-year old lawyer living and working in Baton Rouge,
has spent the last four weeks on vacation in the Caribbean. During this
period, he has been relaxing on his sailboat and has not done any work.
Is Kurt included in the civilian noninstitutional population? If so, why? -
Answer: yes because he is not institutionalized and is over 16
Suppose Kurt, a 73-year old lawyer living and working in Baton Rouge,
has spent the last four weeks on vacation in the Caribbean. During this
period, he has been relaxing on his sailboat and has not done any work.
