The rate of unemployment can be calculated by
a. simply dividing all unemployed persons by all employed persons.
b. subtracting those employed from the total labor force to find the number of unemployed and express this number as a percent of the total labor force.
c. subtract those unemployed from the total labor force and express this number as a percent of the total labor force.
d. dividing all unemployed by the population.
B
You might also like to view...
Consider an economy where the growth rate of money supply is 2% and the inflation rate is 2%. If the quantity theory of money holds, the growth rate of real GDP in the economy will be:
A) 2%. B) 4%. C) 1%. D) 0%.
Assume that yields on bonds (rate of return) begin to fall while the stock market is booming, what should we see happen to the demand and price of stocks and why?
What can we say about the opportunity cost of holding on to bonds in this situation?
Refer to the payoff matrix below. If each cell has a probability of occurrence of 0.25, what are Happy Campers' expected profits?
Camp with Us and Happy Campers compete in the market for campers. Each firm must decide each season if they are going to offer special financing or not. The above payoff matrix shows each firm's net economic profit at each pair of strategies.
A) $10.50
B) $11.25
C) $6.75
D) $7.25
Industrial market countries make up about _____ of the world population but produce more than _____ of the world's output
a. 16 percent; 50 percent b. 40 percent; 75 percent c. 40 percent; 58 percent d. 55 percent; 65 percent e. 38 percent; 55 percent