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 employment-to-population rate is
A) 53.3 percent.
B) 65.2 percent.
C) 46.7 percent.
D) 87.5 percent.
B
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A natural monopoly is a firm that experiences economies of scale over the range of market demand
a. True b. False
Macland is going through a recession, and its government is borrowing 1 billion dollars to increase government spending and stimulate the economy. This has increased the interest rate, decreasing the number of private investors. What is this situation in investments called?
a. crowding out b. expansionary fiscal policy c. liquidity trap d. interest rate appreciation
Proponents of fixed exchange rates argue that the predictability of the fixed exchange rate:
A. decreases trade and economic integration. B. prevents exchange rate overvaluation. C. increases trade and economic integration. D. allows monetary policy to be used to stabilize the domestic economy.
In the kinked-demand model of a noncollusive oligopoly, if one firm decreases its price, the most likely reaction of the other firms will be to:
A. increase their prices. B. not change their prices. C. decrease their prices. D. fix prices.