The unemployment rate is computed by the _____. This agency conducts a survey of _____.
Fill in the blank(s) with the appropriate word(s).
the Bureau of Labor Statistics; 60,000 families
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The marginal revenue product is: a. the value of all the final goods and services produced by a firm
b. the value that an worker contributes to a firm. c. an increase in the profit of a firm with an increase in the output by one unit. d. the output per unit of worker employed by a firm. e. the value that all the unskilled workers contribute to a firm.
In the long run, a perfectly competitive firm earn _______ economic profits
a. positive. b. negative. c. zero. d. positive or negative.
Nominal values are measured in
a. constant prices. b. dollars. c. actual prices. d. highest prices.
If an economy's capital stock is greater at the end of the year than at the beginning of the year, over this period,
a. net investment has been positive. b. depreciation has exceeded net investment. c. depreciation has exceeded gross investment. d. net investment has exceeded gross investment.