If the number of employed persons equals 180 million, the number of unemployed persons equals 15 million, and the number of persons over age 16 in the population equals 210 million, the unemployment rate equals ____ and the labor force participation rate equals ____
a. 7.1%; 85.7%
b. 7.7%; 85.7%
c. 7.1%; 92.9%
d. 7.7%; 92.9%
d
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Answer the following statement(s) true (T) or false (F)
1. The reported Air Quality Index (AQI)uses data from the EPA’s monitoring of metropolitan statistical areas. 2. The Air Quality Index (AQI) is formed from concentration data collected from a monitoring network that measures hazardous air pollutants. 3. Photochemical smog is caused by a chemical reaction involving criteria pollutants in the presence of sunlight. 4. Among all identified transportation sources, off highway vehicle emissions are the largest contributors to the formation of photochemical smog. 5. Title II of the Clean Air Act Amendments of 1990 strengthened regulations on motor vehicle emissions and fuels.
You are likely to think that the relative price of your good has risen and you should increase your output if you expected
A) the inflation rate to be 10% and the price of your good rose 7%. B) the inflation rate to be 10% and the price of your good rose 10%. C) the inflation rate to be 10% and the price of your good rose 13%. D) the inflation rate to be 0% and the price of your good fell 10%.
The deadweight loss a tax causes depends on all of the following except:
A. how responsive buyers and sellers are to a price change. B. the price elasticity of supply. C. the price elasticity of demand. D. who the tax is imposed upon.
An increase in the budget surplus
a. raises net exports and domestic investment. b. raises net exports and reduces domestic investment. c. reduces net exports and raises domestic investment. d. reduces net exports and domestic investment.