A city in which 320,000 persons are employed has a labor force of 359,500 persons. The unemployment rate for the city is:
a. 7.8 percent
b. 11.0 percent.
c. 12.3 percent.
d. 14.5 percent.
b
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Using the data in the above table, the labor force is
A) 140.0 million. B) 152.1 million. C) 154.2 million. D) 250.0 million. E) 127.9 million.
Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $15, what is Giuseppe's profit-maximizing output?
A) 2 pizzas per hour B) 3 pizzas per hour C) 4 pizzas per hour D) 0 pizzas per hour
If the government were to decrease corporate income tax, we would predict a:
A. downward movement along the aggregate demand curve. B. shift in aggregate demand to the right. C. shift in aggregate demand to the left. D. shift straight down of aggregate demand.
The amount of money borrowed in a transaction is called:
A. interest. B. principal. C. internal rate of return. D. present discounted value.