The total population of an economy is 175 million, the labor force is 125 million, and the number of unemployed is 8 million. The unemployment rate for this economy is:
a. 7.8 percent
b. 5.8 percent
c. 6.4 percent
d. 4.6 percent
c. 6.4 percent
Economics
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Nations get significant advantages if they have a single, valuable, natural resource, with little downside risk
Indicate whether the statement is true or false
Economics
A bottle of wine manufactured in Paris, France cost 45 euros. What is the dollar value of the wine if the exchange rate is $0.80 per euro?
A) $36.00 B) $56.25 C) $40.00 D) None of these dollar values is correct.
Economics
The saving function is
A) cY. B) Y - T. C) (1 - c)(Y - T). D) -a + (1 - c)(Y - T).
Economics
Once an idea enters society's pool of knowledge, the idea becomes a
a. societal good. b. private good. c. public good. d. proprietary good.
Economics