Who do we not include in the “civilian labor force” for our unemployment calculation?

The production possibilities frontier:

A. can show all possible combinations of goods but not tell us which combination society should choose. B. can show the best combination of goods which society should choose. C. cannot show all possible combinations of goods because society is typically inefficient. D. can show us which possible combinations of goods society should choose, but cannot tell us which points will be inefficient.

Suppose you were working for Richstone's bakery and calculating whether the bakery was making a profit, considering the recent increase in rent. You have the following data: P = $20, AVC = $10, AFC = $10, and quantity of birthday cakes produced a day is 20 . You conclude that the bakery ends up at the end of the day with a

a. loss of $10 b. profit of $10 c. loss of $20 d. no loss, no profit e. loss of $40

Using the data in the above table, what is the real GDP for year 2010 (in billions of constant dollars)?

A. 9,250 B. 8,950 C. 8,500 D. 7,708

The U.S. government suspended the convertibility of the dollar into gold in

A. the 1930s. B. the 1950s. C. 1991, when the first Gulf War broke out. D. the 1970s.