3. Economic Indicators and the Business Cycle

Unemployment — Quiz

Test your understanding of unemployment with 5 practice questions.

Read the lesson first

Practice Questions

Question 1

What is the unemployment rate?

Question 2

Who is counted as unemployed in official labor statistics?

Question 3

What is the labor force?

Question 4

If a country has $150$ million people in the labor force and $9$ million unemployed workers, what is the unemployment rate?

Question 5

Which type of unemployment is caused by changes in the economy that create temporary joblessness while workers search for new jobs?