Refer to Table 19-18. What is the GDP deflator in 2016 if 2016 is the base year?

A) 120 B) 118 C) 100 D) 87

C

Economics

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Andrew just lost his job as a corkscrew operator since his company has found a machine to perform his work tasks. Andrew did not have the skills needed to operate the machine. Andrew has searched for a new job for 6 months and continues to search

Therefore, Andrew is considered to be A) frictionally unemployed. B) a discouraged worker. C) cyclically unemployed. D) structurally unemployed.

Economics

One way for governments to try and minimize the effects of structural unemployment is to:

A. provide information to unemployed people about which professions are experiencing rising demand for labor. B. subsidize retraining programs for unemployed workers to learn new skills. C. offer low-interest loans to unemployed workers to go back to school to learn new skills. D. All of these are ways the government can deal with structural unemployment.

Economics