The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago
The unemployment rate in Marble Falls is now A) 0%.
B) 11.1%.
C) 20%.
D) 25%.
A
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When we say the U.S. economy has grown on average at 2.1%, we mean
A) the inflation rate. B) the growth rate of nominal GDP. C) the growth rate of per-capita nominal GDP. D) the growth rate of per-capita real GDP.
Which of the following is not correct?
a. Earnings from capital may be paid to households in the form of dividends. b. Earnings from capital may be retained by firms to purchase additional capital. c. Firms may not pay out all of their earnings to households. d. Firms earn the highest profits when the owners of capital receive a value above the marginal product.
Interest rates are positive because
A) people prefer future consumption over current consumption. B) people prefer current consumption over future consumption. C) usury laws require rates to be very high. D) banks are not competitive.
The rate of growth of output per worker in the United States between 1985 and 2014 was approximately equal to which of the following?
A) 1.7% B) 3.8% C) 4.8% D) 5.8%