Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A.
B. C to D.
C. B to D.
D. A to C.
Answer: B
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How much is the MPS?
The market value of all final goods and services produced in the economy in a given year is:
(a) Consumer price index. (b) Circular flow of income. (c) Personal income. (d) Gross domestic product.
Which of the following best exemplifies the relationship between a capital good and a consumer good or service?
a. A smartphone and an earplug b. A brand new Dell computer and printer c. A Caterpillar earth-moving front loader and its operator d. A commercial baking oven and loaves of bread
If the number of unemployed equals 125,000 and the number of employed equals 275,000, the labor-force participation rate
A. is 31.2%. B. is 68.8%. C. is 75%. D. cannot be determined from this information.