Chapter 06 Study Questions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| The CPI was 138 in one year and 146 the following year. Approximately how much did prices rise between the two years? | show 🗑
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| show | 117
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| show | percentage change in the CPI of adjacent years.
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| show | $54,747
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| show | What cost $100 in 1982 will on average cost $350 more in 2008.
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| The base year is the year | show 🗑
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| show | 10.6
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| The civilian non-institutional population consists of everyone in the population who is | show 🗑
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| The civilian non-institutional population can be broken down into two groups: | show 🗑
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| show | unemployed or employed.
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| show | is a member of the civilian labor force, out of work, and actively seeking work.
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| Refer to Exhibit 6-2. How many unemployed persons are there in year 1? | show 🗑
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| Refer to Exhibit 6-2. The unemployment rate in year 1 is | show 🗑
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| In an economy with 200 million people, 150 million hold jobs and 20 million are not working but are looking for jobs. The number of people in the labor force is | show 🗑
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| Unemployment that arises as a result of the time it takes for unemployed people to locate a job utilizing their transferable skills is called __________ unemployment. | show 🗑
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| show | the natural unemployment rate.
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| show | decreased.
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| show | Yes, since full employment exists if the economy is operating at the natural
unemployment rate and there is always some natural unemployment.
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| The answer is "a person employed in the civilian labor force who quits his or her job." The question is: | show 🗑
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| show | reentrant
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| Juan lost his job as a nuclear physicist working for a defense contractor. He can not find a job because no firms in the defense industry or any other industry are hiring people with his skills. Juan is ______________ unemployed. | show 🗑
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| show | 115 million
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| show | No, Carol’s real income fell during that 10 year period.
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| show | frictionally
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| The value of the consumer price index (CPI) is always equal to ______________ in the base year. | show 🗑
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