If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed and 150 million employed, the labor force participation rate is
A) 69.6 percent.
B) 23.3 percent.
C) 6.67 percent.
D) 50 percent.
A
You might also like to view...
A factory in a centrally planned economy produces 1,000 left shoes and no right shoes. No corresponding factory produces only right shoes. This outcome is an example of inefficiency in
a. output selection. b. production planning. c. product distribution. d. market segmentation.
In the graph showing the data for the short-run and long-run Phillips curve from 1979–1987, movement along the short-run Phillips curve is represented by the move from ______.
a. Point D to Point E
b. Point D to Point F
c. Point E to Point F
d. Point F to Point D
Answer the following statements true (T) or false (F)
1) A negative GDP gap can be caused by either a decrease in aggregate demand or a decrease in aggregate supply. 2) The equilibrium price level and equilibrium level of real GDP occur at the intersection of the aggregate demand curve and the aggregate supply curve. 3) The greater the upward slope of the AS curve, the larger is the realized multiplier effect of a change in investment spending. 4) The price level in the United States is more flexible downward than upward.
Efforts to fine-tune the economy have been used for several decades, and since then
A. Employment goals have been met, but price stability has not been attained. B. We still experience periods of recession, high unemployment, and inflation. C. We have successfully achieved our major economic goals at all times. D. Price stability goals have been met, but full employment has not been attained.