Headline inflation:
A. includes all of the goods the average consumer buys.
B. is based on the CPI basket of goods.
C. is measured using core inflation with the prices of food and gasoline added in.
D. All of these statements are true.
D. All of these statements are true.
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Compared to 1929, total output per person in the U.S. today is approximately ________ times larger.
A. 15 B. 2 C. 25 D. 5
In an economy, out of 221.6 million potential workers, 180.65 million are employed. If the labor force in the economy is 200.5 million, calculate:
a. the number of unemployed workers. b. the unemployment rate. c. labor force participation rate d. number of potential workers who are not a part of the labor force.
Declines in business inventories enter national income accounts: a. negatively in the consumption category. b. negatively in the investment category. c. negatively in the net export category
d. positively in the profits category.
Based on the graphic showing the Lorenz Curve, what would have happened if income distribution had been more equal in 2017?
a. The line for perfect income equality would become curved.
b. The Lorenz curve for 2017 would become more curved.
c. The Lorenz curve for 2017 would become less curved.
d. The line for perfect income inequality would shift to the right.