If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, what is the labor force participation rate?
A) 4.75%
B) 7.8%
C) 95%
D) 96.2%
Answer: C
You might also like to view...
Assume an economy produces only footballs and baseballs and the base year is 2005. Quantity producedPrices 2005200620052006Footballs200300$20$25Baseballs500600$10$15Given the data in the table above, what is the value of nominal GDP in 2006?
A. $10,000 B. $16,500 C. $12,000 D. $12,500
All dose-response functions are
a. linear relationships d. horizontal relationships b. nonlinear relationships e. none of the above c. vertical relationship
"A perfectly competitive firm is called a price maker because all the firms together must make the market price." Is the previous statement correct or incorrect? Briefly explain your answer
What will be an ideal response?
Answer the following questions true (T) or false (F)
1. The substitution effect explains why there is a direct relationship between the price of a product and the quantity of the product demanded. 2. If consumers believe the price of LCD televisions will decrease in the future, this will cause the demand for LCD televisions to increase now. 3. An increase in population results in an increase in demand.