I need help with questions 3 & 4 but also if someone can review the answers that I have underline if they are correct. THANK YOU!!!

1. The official U.S unemployment rate is currently

A) 4.0%

B) 6.3%

C) 8.3%

D) 6.5 million people

2. If the unemployment rate is 8 percent, this means:

A) 8 percent of the population is unemployed.

B) 8 percent of the population age over sixteen is unemployed.

C) 8 percent of the labor force is unemployed.

D) the number of unemployed persons equals 8 percent of the employed persons.

3. Which of the following characteristics relate to structural unemployment?

A) Unemployment closely tied to the business cycle, like higher unemployment during a

recession.

B) The unemployment rate that would exist in a growing and healthy economy from the

combination of economic, social, and political factors that exist at a time.

C) The number of adults who are in the labor force and thus seeking jobs, but who do not have

jobs because they lack skills valued by the labor market.

D) Unemployment that occurs as workers move between jobs.

4. Which of the following would be counted as "unemployed" in the U.S. government survey?

A) a woman working as a bus driver after not working for three years

B) a college student doing an unpaid internship

C) a retired teacher looking for a job at a home-improvement store

D) a graduate student working as a research assistant

5. The price index changes from 100 to 110 in one year, and then from 110 to 120 the next year.

Which of the following statements is correct?

A) The inflation rate in the first year is 10.0%.

B) The inflation rate in both years is 10.0%.

C) The inflation rate in the second year is 120%.

D) The inflation rate is higher in the second year than in the first year.

6. Suppose that in year 1 an economy produces 100 golf balls that sell for $3 each and 75 pizzas

that sell for $8 each. In year 2 the economy produces 110 golf balls that sell for $4 each and 80

pizzas that sell for $9 each. The GDP deflator for year 2, using year 1 as the base year, is

A) 119.6

B) 1.196

C) $1,160

D) 113.9

7. In the country of Nelsonia, a market basket of goods and services cost $130 in 2017, $140 in

2018, and $160 in 2019. Based on this information and considering 2018 as the base year, the

price index in 2019 was:

A) 100.

B) 114.3

C) 123.1.

D) $20.

8. The business cycle consists of

A) seasonal unemployment patterns.

B) the ups and downs of real GDP over time.

C) changes in the long-term growth pattern of the CPI.

D) fluctuations in the general price level.

9. A part-time worker who didn't work as many hours as they would like is counted among the

unemployed.

A) True

B) False

10. Nominal U.S. GDP was about $10 trillion in 2000 and about $20 trillion in 2020, so we can

conclude that the aggregate real output of goods and services roughly doubled over the twenty

year period in the United States.

A) True

B) False

11. The Consumer Price Index is intended to measure the cost, over time, of a market basket of

goods and services.

A) True

B) False

12. Unexpected inflation hurts borrowers.

A) True

B) False