Members of the armed forces are:
a. considered employed
b. considered unemployed.
c. not considered a part of the labor force.
d. not considered a part of the adult population.
c
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In 2010, the imaginary nation of Bovina had a population of 5,000 and real GDP of 500,000 . In 2011 it had a population of 5,100 and real GDP of 520,200 . During 2011 real GDP per person in Bovina grew by
a. 2 percent, which is high compared to average U.S. growth over the last one-hundred years. b. 2 percent, which is about the same as average U.S. growth over the last one-hundred years. c. 4 percent, which is high compared to average U.S. growth over the last one-hundred years. d. 4 percent, which is about the same as average U.S. growth over the last one-hundred years.
The real rate of interest is
A. the interest rate observed in the market. B. not influenced by inflation. C. the interest rate observed in the market minus the anticipated inflation rate. D. a value that depends upon the stock market.
The cornerstone of antitrust legislation in the U.S. is the:
A. Clayton Act B. Sherman Act C. Celler-Kefauver Act D. Federal Trade Commission Act
Which of the following would most likely feature elastic demand?
a. heart surgery b. a required textbook c. fresh green beans d. all of the above