The participation rate is the number of people:
A. employed and unemployed divided by the population aged 16 years and older.
B. employed divided by the labor force.
C. employed and unemployed divided by the labor force.
D. employed divided by the population aged 16 years and older.
Answer: A
You might also like to view...
Why did some economists and policymakers think ratings agencies had a conflict of interest leading up to the Financial Crisis of 2007-2009?
What will be an ideal response?
State right-to-work laws
A) prohibit discrimination in hiring. B) force companies to submit to Equal Employment Opportunities Commission arbitration in disputes. C) encourage companies to hire minorities. D) make compulsory union membership illegal.
Long-run producer surplus in a perfectly competitive industry accrues mainly to:
a. suppliers of inputs with inelastic supply curves. b. suppliers of inputs with elastic supply curves. c. firms' owners. d. marginal consumers.
If the money multiplier is 4, what is the required reserve ratio (RRR)?
(A) 50 percent (B) 20 percent (C) 2 percent (D) 25 percent