The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force is 150 million. The number of unemployed workers in this economy is
A. 12 million.
B. 6 million.
C. 24 million.
D. 9 million.
Answer: D
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Suppose the current account has a value of $500,000 and the financial account has a value of $525,000. The value of the capital account is ________.
A. $25,000 B. -$1,025,000 C. $1,025,000 D. -$25,000
M1 includes currency, checkable deposits, traveler's checks, and savings deposits
a. True b. False Indicate whether the statement is true or false
For any country, if the world price of copper is higher than the domestic price of copper without trade, that country should
a. export copper, since that country has a comparative advantage in copper. b. import copper, since that country has a comparative advantage in copper. c. neither export nor import copper, since that country cannot gain from trade. d. neither export nor import copper, since that country already produces copper at a low cost compared to other countries.
The government's choices regarding the overall level of government purchases and taxes is known as _____
Fill in the blank(s) with correct word