Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?
A) 8.8 percent B) 5 percent C) 20 percent D) 7.5 percent E) 92.5 percent
D
You might also like to view...
Assume an industry, currently dominated by one firm, experiences a large decline in fixed costs. This will
A) make entry of other firms more likely. B) make entry of other firms less likely. C) serve as higher barrier to entry. D) induce the incumbent firm to exit the industry.
Why does a nation's standard of living depend on property rights?
A marketing survey shows that gate receipts would increase if the price of tickets to a summer rock concert increased, even though the number of tickets sold would fall. What does this imply about the price elasticity of demand for concert tickets?
A. Demand is inelastic B. Demand is elastic C. Demand is unit elastic D. Demand is perfectly inelastic E. Demand is perfectly elastic
Credit card balances are not considered to be money primarily because they:
A. are an asset used in making transactions. B. do not represent an obligation to pay someone else. C. are not part of people's wealth. D. are rarely used to make purchases.