Which of the following statements are true concerning the labor force participation rate?
i. The labor force participation rate for women in the United States has increased since 1959.
ii. The labor force participation rates for women across different countries have converged to about 50 percent.
iii. The labor force participation rate for men in the United States has decreased since 1959.
A) i and ii
B) i, ii and iii
C) i and iii
D) iii only
E) i only
C
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The advantage of real GDP as a measure is the fact that it only increases
a. True b. False Indicate whether the statement is true or false
Suppose that a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, domestic suppliers will supply ________ of that good after it opens itself to international trade.
A. same amount B. more C. less D. none
The prime rate is the interest rate at which banks can borrow from the Fed.
Answer the following statement true (T) or false (F)
You own a house in Malibu, CA. During the recent downturn in the house values in the area your house's value declined by $100,000. If you do not sell your home during this period, your economic income ________ and your taxable income ________.
A. fell; was unchanged B. was unchanged; fell C. fell; fell D. was unchanged; was unchanged