In an economy, 30 million people are in the workforce, 22 million are employed, and 37 million people are in the working-age population. How many people are not in the workforce?

8 million
15 million
7 million
19 per cent

In an economy, 16 million people have full-time employment, 3 million are unemployed and 1 million people are part-time workers who are also students. How many people are in the workforce?

20 million
19 million
13 million
17 million

In an economy, 17 million people are full-time workers, 2 million are unemployed, and 1 million people are part-time workers. What is the unemployment rate?

almost 12 per cent
almost 18 per cent
20 per cent
10 per cent

Between 1960 and 2000, the male economic activity rate _______, the male employment-to-population ratio __________, the female economic activity rate _________, and the female employment-to-population ratio _______.

decreased; increased; decreased; increased
decreased; increased; increased; decreased
increased; decreased; increased; decreased
decreased; decreased; increased; increased

If the working-age population included retirees ___________________.

the economic activity rate would increase
the unemployment rate would decrease
the unemployment rate would increase
the economic activity rate would decrease

In an economy, 20 million people are full-time workers, 5 million are part-time workers, 2 million are unemployed, and 4 million are not in the workforce. What is the economic activity rate?

81 per cent
83 per cent
65 per cent
87 per cent

If the number of people unemployed and the number of people in the workforce grow at the same rate, then _____________.

the economic activity rate will decrease
the unemployment rate will increase
the unemployment rate will stay constant
the economic activity rate will increase

In an economy, 20 million people are full-time workers, 5 million are part-time workers, 2 million people are unemployed, and 4 million people are not in the workforce. What is the employment-to-population ratio?

83 per cent
65 per cent
81 per cent
87 per cent

If the unemployment rate falls, the economic activity rate increases, and the employment-to-population ratio increases, then the economy is most likely is in _________________.

a business cycle
a trough
an expansion
a recession

In 2000, the money wage rate was £15.00 an hour and the real wage rate was £12.00 an hour. In 2001, the money wage rate was £15.25 an hour and the real wage rate was £12.10 an hour. The GDP deflator was ___________ in 2000 and ______________in 2001.

80; 79
1.25; 1.26
125; 126
15; 5.25