Question

question 6
if the unemployment rate is 8 percent, then 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.
question 7
in the 1970s and 1980s, labor unions commonly negotiated wage contracts that had which guaranteed that their wages would keep up with inflation.
a cost of living adjustments
b inflation protection plans
c inflation ceiling guarantees
d wage protection clauses
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Explanation:

Question 6:
The unemployment rate is calculated as the number of unemployed individuals divided by the labor force (the sum of employed and unemployed people). It does not consider the entire population (excludes those not in the labor force like retirees, full - time students not seeking work etc.) or just the population over sixteen (if they are not in the labor force). And it is not a ratio of unemployed to employed.

Question 7:
Cost - of - living adjustments (COLAs) in wage contracts link wage increases to inflation (usually measured by a price index like the Consumer Price Index). Inflation protection plans is a rather broad and non - standard term in this context. Inflation ceiling guarantees would limit inflation, which is not what was in these contracts. Wage protection clauses is too general, while cost - of living adjustments specifically address the link to inflation for wage increases.

Answer:

Question 6: C. 8 percent of the labor force is unemployed.
Question 7: A. cost of living adjustments