The largest component of GDP is:
a. durable goods.
b. net exports.
c. personal consumption expenditures.
d. government spending.
c
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The unemployment rate is calculated as: a. the number of officially unemployed persons divided by the number of officially employed persons
b. the number of officially employed persons divided by the number of officially unemployed persons. c. the number of officially unemployed persons divided by the number of officially employed plus unemployed persons. d. the number of officially unemployed persons divided by the population.
The term price takers refers to buyers and sellers in
a. perfectly competitive markets. b. monopolistic markets. c. markets that are regulated by the government. d. markets in which buyers cannot buy all they want and/or sellers cannot sell all they want.
You are given the following information about the economy: the nominal interest rate = 8 percent, and the real rate of interest = 6 percent. The inflation premium is
A. 2 percent. B. 6 percent. C. 8 percent. D. 14 percent.
If government unemployment insurance payments did not rise during a? recession,
What will be an ideal response?