Suppose the population (age 16 and over) of Cameroon is 250 million; 10 million are unemployed, and 125 million hold jobs. The employment/population ratio in Cameroon is
a. 8 percent.
b. 50 percent.
c. 54 percent.
d. 92 percent.
B
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Gross domestic product (GDP) includes:
a. intermediate as well as final goods. b. foreign goods as well as domestically produced goods. c. used goods sold in the current time period. d. only final goods and services.
If aggregate expenditures exceed real GDP, then:
a. employment falls. b. the economy will have deflation. c. firms are depleting their inventories. d. the money supply will increase.
Which of the following is a valid reason to consider government regulation?
a. Seeking some social objective that markets do not achieve. b. Fear that capitalism will prove too productive. c. Desire on the part of government to be useful. d. Requests for protection from an industry. e. All of the above.
The interest rate on a bond is
A) the difference between the face value and the bond price, expressed as a percentage of the face value. B) the difference between the face value and the bond price, expressed as a percentage of the bond price. C) the ratio of the face value and the bond price, expressed as a percentage. D) the difference between the face value and the yield, expressed as a percentage of the bond price.