If 160 million people are employed, 15 million people are unemployed, and the population is 280 million people, the unemployment rate is
A) 57 percent.
B) 62.5 percent.
C) 8.6 percent.
D) 9.4 percent.
E) not possible to calculate without data on the labor force.
C
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Labor productivity depends on the
a. the effectiveness of government b. the size of the economy c. the proportion of the labor force that is unionized d. the amount of capital e. All of the answers are correct
The time necessary to put a desired policy into effect once economists and policymakers acknowledge that the economy is in an expansion or a recession is called a(n): a. recognition lag
b. implementation lag. c. operational lag. d. administrative lag.
Macroeconomic issues include all of the following EXCEPT:
A. regulation of natural monopolies. B. inflation. C. economic growth and living standards. D. economic interdependence among nations.
The present discounted value of $100 payable 1 year from now, assuming a market rate of interest of 10 percent, is:
A. $100. B. $10. C. $90. D. slightly less than $90. E. slightly more than $90.