Math Gurru
Module 5 Problem Sets
| Principles of Economics |
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Question #1
| To find the number of people in the labor force we need to add the ________________________ and the ___________________________. |
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Question #2
| To find the unemployment rate we need to divide the __________________ by the _______________________. |
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Question #3
| This misery index is found by adding the ______________________ and the __________________. |
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Question #4
| Compute the unemployment rate given the following information: 8 million unemployed and 117 million employed. |
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Question #5
| How much would the nominal interest rate be if the real interest rate were 6-percent and the expected rate of inflation were 7-percent? |
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Question #6
| If the CPI is currently 178.9, by what percentage did prices rise since the base year? |
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Question #7
| If the rate of inflation is 5-percent, the prime rate of interest is 6-percent, and the unemployment rate is 7-percent, how much is the misery index? |
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Question #8
| If the CPI fell from 180 to 150, by what percentage did the price level fall? |
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Question #9
| If the unemployment rate is 10-percent, there are 150 million people in the labor force, and there are 5 million discouraged workers, how many people are unemployed? |
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Question #10
| If the unemployment rate is 10-percent and 90 million people are working, how many people are unemployed? |
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Question #11
| What are the four types of unemployment? |
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Question #12
| What are the four causes of unemployment? |
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Question #13
| Natural Unemployment = ________________________ + ____________________________________. |
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Question #14
| What type of unemployment describes workers who have mismatched job skills? |
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Question #15
| What type of unemployment results when our economy contracts? |
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