Is the United States a net borrower or a net lender? Is it a debtor or a creditor nation?
What will be an ideal response?
The United States is a net borrower and is a debtor nation.
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The labor force participation rate is calculated as:
A) (number of unemployed) ÷ (labor force). B) (number of employed) ÷ (adult population). C) (number of employed + number of unemployed) ÷ (labor force). D) (labor force) ÷ (adult population).
Most economists consider a theory a good one if it predicts well
a. True b. False
Suppose the working-age population of Country A is 200 million, the number employed is 130 million, and the number unemployed is 10 million. What is the labor force participation rate?
A. 70 percent. B. 65 percent. C. 75 percent. D. 60 percent.
Distinguishing between stock measures and flow measures of the labor force, the stock measures are
A. the total number of people who are unemployed only. B. the labor force only. C. the number of people who lost their jobs and the number of people who found jobs only. D. the total number in the labor force and the total number of people who are unemployed only.