Suppose the working-age population of Country A is 200 million, the number employed is 130 million, and the number unemployed is 10 million. What is the labor force participation rate?
A. 70 percent.
B. 65 percent.
C. 75 percent.
D. 60 percent.
Answer: A
You might also like to view...
Which of the following industrial policies are effective for developing countries to deal with inflows of capital from overseas?
A. Import substitution, export-led growth, and clustering. B. Import substitution, export-led growth, and crowding out. C. Import substitution, government subsidy, and clustering. D. Market Substitution, government subsidy, and crowding out.
Figure 4-4
In Figure 4-4, an increase in population will change demand from
A. D1to D2. B. D2to D1. C. D3to D2. D. D3to D1.
Pareto points in the Edgeworth Box are
A. found when utility curves are tangent. B. found when MRS are equal. C. found when one person cannot be made better off without making another person worse off. D. all of these answer options are correct. E. none of these answer options are correct.
As people's income rises, they wish to
A. hold less money for transactions. B. spend less. C. hold more money for transactions. D. invest only in stocks.