Exhibit 12-2 Unemployment Categories Consider an Economy Made Up of 100 People, 50 of |

question 77

Multiple Choice

Exhibit 12-2 Unemployment categories $$\begin{array} { | l | c | } \hline \text { Category } & \begin{array} { c } \text { \# of } \\\text { Individuals }\end{array} \\\hline \text { Frictional unemployment } & 20 \\\text { Structural unemployment } & 35 \\\text { Cyclical unemployment } & 60 \\\text { Discouraged workers } & 5 \\\text { Underemployed workers } & 10 \\\text { Fully employed workers } & 410 \\\text { Population } & 900 \\\hline\end{array}$$ Consider an economy made up of 100 people, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The unemployment rate is approximately:

• A) 10 percent.
• B) 12 percent.
• C) 17 percent.
• D) 20 percent.

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Definitions:

Fovea

The fovea is a tiny pit located in the macula of the retina, responsible for sharp central vision vital for activities like reading and driving.

Cones

In the retina, specific cells called photoreceptors are crucial for seeing colors and are most effective in bright light scenarios.

Loudness

A perceptual characteristic of sounds that enables their intensity to be ordered on a scale from quiet to loud.

Brightness

The perception of visual light intensity; the quality of being lighted, often quantified in terms of luminescence.