In an economy, 35 million workers are employed, the labor force is 50 million, and total population is 70 million. The unemployment rate is:
A. 30 percent.
B. 15 percent.
C. 25 percent.
D. 50 percent.
Answer: A
You might also like to view...
Consumers who clip and redeem discount coupons ________.
A. exhibit the same price elasticity of demand for a given product than consumers who do not clip and redeem coupons B. exhibit a relatively higher price elasticity of demand for a given product than consumers who do not clip and redeem coupons C. cause total revenue to decrease for firms that issue coupons for their products D. exhibit a relatively lower price elasticity of demand for a given product than consumers who do not clip and redeem coupons
Which of the following is a liability to a bank?
A) total reserves B) transaction deposits C) government securities D) loans
The presence of adverse selection in a market causes:
A. some transactions to fail to take place. B. a deadweight loss. C. market failure. D. All of these statements are true.
The additional money a business gets from producing and selling one more unit of output is
A. marginal revenue. B. long-term revenue. C. average profit. D. marginal product.