GDP equals hours of work times
A. labor force.
B. output per hour.
C. population.
D. capital stock.
Answer: B
You might also like to view...
The unemployment rate is at the natural unemployment rate when
A) frictional unemployment equals zero. B) structural unemployment equals zero. C) cyclical unemployment equals zero. D) all types of unemployment equal zero.
The HPV vaccine protects against human papillomavirus (HPV) that causes cancer. It protects both the person getting the vaccine and the sexual partners of that person
To encourage the efficient number of people to be vaccinated the government could A) give producers a subsidy equal to the private marginal benefit. B) give consumers a voucher equal to the marginal external benefit. C) impose a tax equal to the marginal social benefit. D) impose a tax equal to the marginal external benefit.
Which of the following statements is false?
A) The sum of the unemployment rate and the employment rate always equals 100 percent. B) The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population. C) The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population. D) a, b, and c
Refer to the figure above. If AD 1 shifts to AD 2, then the equilibrium output:
Increases from Q1 to Q3 while the price level falls from P2 to P1 Increases from Q1 to Q2 while the price level rises from P1 to P2 Increases from Q1 to Q3 while the price level rises from P1 to P2 Increases from Q1 to Q2 while the price level falls from P2 to P1