The rate of unemployment is the:
(a) Percentage of the population that is out of work.
(b) Percentage of the population of that is employed.
(c) Percentage of the labour force that is out of work.
(d) All of the above.
Answer: (c) Percentage of the labour force that is out of work.
You might also like to view...
Which of the following would shift the demand curve for new textbooks to the right?
A) A fall in the price of paper used in publishing texts B) A fall in the price of equivalent used textbooks C) An increase in the number of students attending college D) A fall in the price of new textbooks.
_______________________ are economists who generally emphasize the importance of aggregate supply in determining the size of the macroeconomy over the _____________.
a. Keynesian economists; long run b. Keynesian economists; short run c. Neoclassical economists; long run d. Neoclassical economists; short run
Developing countries would benefit the most from a given increase in their education budgets if they spent more:
A. on primary and secondary education. B. in a way that promotes credentialism. C. on higher education. D. evenly across all types of education.
Refer to the above figure. When the price in the market is $4, economic profits will equal
A. $200. B. $400. C. $300. D. $100.