Glendale Community College » Economics » Econ 102 - Principles of Macroeconomics » Winter 2021

Question #1

Which group of people are not in the labor force?

A. part-time workers

B. contract workers

C. homemakers

D. unemployed people looking for work

Question #2

There are currently 2183.6 thousand people unemployed and 17845.90 thousand people employed in Canada. What is the unemployment rate?

A. 12.2%

B. 9.17%

C. 8.17%

D. 10.9%

Question #3

A person with a graduate degree working in a minimum wage job is an example of

A. underemployment

B. unemployment

C. a discouraged worker

D. an implicit contract

Question #4

When individuals are out of work because their particular skills have become obsolete, this is called

A. structural unemployment

B. underemployment

C. frictional unemployment

D. cyclical unemployment

Question #5

Unemployment benefits may keep the unemployment rate from falling because

A. unemployment benefits create an incentive to not seek work

B. the economy will recover slowly

C. the economy will recover quickly

D. unemployment benefits create an incentive to seek work