Types of Unemployment – Practice!
Practice Exercise Summary
0 of 2 Questions completed
Questions:
Information
You have already completed the practice exercise before. Hence you can not start it again.
Practice Exercise is loading…
You must sign in or sign up to start the practice exercise.
You must first complete the following:
Results
Results
0 of 2 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- Current
- Review / Skip
- Answered
- Correct
- Incorrect
- Question 1 of 2
1. Question
The economy of Crammerville has a labor force of 250 people; 6 people who just quit; 8 people who just got fired; 13 people who got laid off because business was bad; 4 people who just entered the labor market; 9 people who are not working and have no skills that are useful, but have not given up looking for a job; 5 people who were laid-off two years ago but have not given up looking for a job.
What is the unemployment rate in % terms?
Unemployment Rate: %
CorrectIncorrect - Question 2 of 2
2. Question
The economy of Crammerville has a labor force of 250 people; 6 people who just quit; 8 people who just got fired; 13 people who got laid off because business was bad; 4 people who just entered the labor market; 9 people who are not working and have no skills that are useful, but have not given up looking for a job; 5 people who were laid-off two years ago but have not given up looking for a job.
What is the natural rate of unemployment in % terms?
Natural Rate of Unemployment: %
CorrectIncorrect