In an economy, 43 million people are employed, 3 million are unemployed, and 4 million are not in the labor force. What is the employment-to-population ratio?
A) 86 percent
B) 92 percent
C) 93 percent
D) 6.5 percent
B
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Refer to the figure above. This country's exports equal
A) CE units of X. B) GH units of Y. C) CD units of X. D) DE units of Y.
Which of the following is an example of a horizontal merger?
A) Northeastern Illinois University merging with McDonald's. B) Northeastern Illinois University merging with a training academy for new professors. C) Northeastern Illinois University merging with Roosevelt University. D) Northeastern Illinois University going from a public to a private university.
The NPV of a project rises as the discount rate rises
Indicate whether the statement is true or false
In the equation C = a + bY, which describes the aggregate consumption function, 'a' stands for:
(a) The amount of consumption which is independent of income; (b) The marginal propensity to consume; (c) The amount of consumption when income is at a maximum; (d) The average consumption level.