Which is the correct way to calculate the unemployment rate?
a. [(unemployed)/(labor force)] x 100
b. [(labor force)/(unemployed)] x 100
c. [(labor force)/(population)] x 100
d. [(unemployed)/(population)] x 100
a. [(unemployed)/(labor force)] x 100
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When the demand for electricity peaks during the hottest days of summer, Florida Power and Light Company can generate more electricity by using more fuel and increasing the working hours of many of its employees
The company cannot, however, increase electric power production by building additional generating capacity. This means that the company is in the A) market run. B) short run. C) intermediate run. D) long run.
The natural rate of unemployment is the rate that exists when the economy is producing at potential GDP
Indicate whether the statement is true or false
If the inflation rate during a particular year is 2 percent, then the real interest rate that a lender will receive from a loan that promises a nominal interest rate of 10 percent is _____
a. 12 percent b. 8 percent c. 10 percent d. 2 percent
Exhibit 5-7 GDP data (billions of dollars) Personal consumption expenditures$5,207 Interest425 Corporate profits735 Government spending1,406 Depreciation830 Rental income146 Gross private domestic investment1,116 Compensation of employees4,426 Exports870 Imports965 Indirect business taxes553 Proprietors' income520 Personal taxes886 Social Security taxes432 Transfer payments376 In Exhibit 5-7, personal income (PI) is:
A. $6,254 billion. B. $6,495 billion. C. $6,013 billion. D. $7,082 billion.