Which group is included in the measurement of the unemployment rate?
a. recent graduates looking for work
b. Stay-at-home mothers
c. people unemployed and seeking work
d. people who have been warned that they will be downsized
e. people who are on long-term disability
Question 2
The Consumer Price Index (CPI) is
a. a ratio that is based on market values that is used by insurance companies to set rates on businesses.
b. a government comparison of prices across major department stores.
c. the total of all annual sales in the private retail sector.
d. an index of prices for goods and services regularly traded in the economy.
e. a government-issued tool for fixing prices in the private sector.
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