11) When analyzing macroeconomic economists use 1) proxies 2) data from direct o
ID: 1106074 • Letter: 1
Question
11) When analyzing macroeconomic economists use 1) proxies 2) data from direct observations 3) global averages 4) all of the above 5) none of the above 2) Which category or categories of individuals is or are included in unemployment statistics in the USA? 1) the underemployed 2) prison inmates 3) the disabled 4) all of the above 5) none of the above 13) The fastest growing component of consumption in the USA is 1) new home construction 2) nondurable goods 3) durable goods 4) services 5) none of the above 14) What impact should current changes in technology have on unemployment rates worldwide? 1) Unemployment will rise in most, if not all sectors. 2) Unemployment probably will fall as people are free to follow their dreams. 3) It depends on how many find alternative employment and how many leave the labor force. 4) all of the above 5) none of the aboveExplanation / Answer
11. Option 2
Macroeconomic phenomena are inflation, recession, grid domestic product, etc. Information of it is directly collected and analyzed.
12. Option 1
Underemployment is when individuals work in under paid or low skill job even though they possess high skill but unable to find appropriate job.
13. Option 4
Since 1960's services is the fastest growing component of consumption this includes, medical services, legal services, etc.
14. Option 3.
Due to technological advancements there have a shift of skills required from the employees. People adopt to the new demand but it takes time to evolve with those skills. It has been seen from the past that even with a technological advancements the labor force is absorbed in some form.
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