Economists report changes in unemployment in:
A. percentage points, not percentages.
B. percentages, not percentage points.
C. percentage points or percentages, interchangeably.
D. nominal figures; they rarely use percentages or percentage point changes.
A. percentage points, not percentages.
You might also like to view...
The imperfect capital market justification for infant industry promotion
A) assumes that new industries will tend to have low profits. B) assumes that infant industries will soon mature. C) assumes that infant industries will be in products of comparative advantage. D) assumes that banks can allocate resources efficiently. E) assumes that developing country will reward the donor country.
Which of the following is NOT a reason given by economists for the failure of Okun's law to account for the rise in unemployment during the recession of 2007-2009?
A) increased willingness among firms to lay off workers during recessions B) a surge in productivity during the recession C) the unusual severity of the recession D) it does not take into account the effect of the stimulus
The value of the wheat used in the production of bread is not included in the calculation of GDP
a. True b. False Indicate whether the statement is true or false
An example of a good that is nonrival and nonexclusive is:
a. television signals. b. haircuts. c. pizza. d. national defense.