If 130 million individuals are employed and 6 million are unemployed, what is the unemployment rate?
a. 4.8 percent
b. 3.0 percent
c. 4.4 percent
d. 4.6 percent
e. 9.6 percent
C
You might also like to view...
In the Solow growth model, given the values of A, s, n, and d, the economy has an equilibrium growth rate of real GDP equal to
A) s. B) n. C) n + d. D) n - d. E) s - d.
A special kind of imperfectly competitive market that has only two firms is called
a. a two-tier competitive structure. b. an incidental monopoly. c. a doublet. d. a duopoly.
GDP per capita
A. Indicates the most efficient use of resources. B. Is real GDP corrected for price level changes. C. Is equal to a nation's GDP divided by its population. D. Does not permit comparisons of the economic welfare of different nations.
A barter economy occurs where
A) Excludes financial markets. B) Households pay for services provided by labor with goods and services. C) Businesses provide services to households in exchange for goods and services. D) All of the above.