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

Question #1

Which group of people are not in the labor force?

A. unemployed people looking for work

B. homemakers

C. part-time workers

D. contract workers

Question #2

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

A. 10.9%

B. 12.2%

C. 9.17%

D. 8.17%

Question #3

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

A. a discouraged worker

B. an implicit contract

C. underemployment

D. unemployment

Question #4

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

A. frictional unemployment

B. cyclical unemployment

C. underemployment

D. structural 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. unemployment benefits create an incentive to seek work

D. the economy will recover quickly