The total population of an economy is 175 million, the labor force is 125 million, and the number of unemployed is 8 million. The unemployment rate for this economy is:
A. 5.8 percent.
B. 7.8 percent.
C. 4.6 percent.
D. 6.4 percent.
Answer: D
Economics
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An input-output table
A) details the flows of goods and services between various sectors of the economy. B) shows purchases by certain industries from other industries. C) shows sales by certain industries to other industries. D) All of the above.
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When the government uses taxes and spending to affect national economy, it is engaging in:
a. fiscal policy. b. monetary policy. c. interest rate policy. d. trade policy. e. exchange rate policy.
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Inflation refers to an increase in the
a. price level. b. rate of inflation. c. total income. d. real GDP.
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The Federal Open Market Committee makes decisions about ________ policy.
A. monetary B. banking C. deposit insurance D. fiscal
Economics