True or false:
1. Economic growth means a growth in real, per capita total output over time.
2. Economic growth is considered to be positive by all individuals.
3. Other things being equal, relatively high rates of unemployment are almost universally viewed as bad.
4. The unemployment rate is the number of people officially unemployed divided by a country’s population aged 16 or over.
5. The civilian labor force figure excludes those in the armed services, prison, and mental hospitals, as well as homemakers, retirees, and full-time students, because they are not considered currently available for employment.
6. By far, the worst employment downturn in U.S. history was the Great Depression.
7. Before 1960, variations in unemployment tended to be more pronounced than since 1960.
8. Discouraged workers, who have not actively sought work for four weeks, are counted as unemployed.