In 2016 the Bureau of Labor Statistics reported that there were 23.5 million people over age 25 who had no high school degree or its equivalent. Of these 9.7 million were employed and .75 million were unemployed. What were the labor-force participation rate and the unemployment rate for this group?
a. 41.3% and 3.2%
b. 41.3% and 7.2%
c. 44.5% and 3.2%
d. 44.5% and 7.2%
d
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Joanne left her last job, in which she was earning $50,000, in order to form her own consulting business. Her revenues for the first year of consulting were $210,000. During that year, she hired two assistants for $25,000 each and spent $25,000 on office equipment. In addition, she incurred $75,000 in miscellaneous expenses. Her accounting profit that first year was
A) $10,000. B) $60,000. C) $210,000. D) $50,000.
A decrease in the price of coffee, other things being equal, causes a(n):
a. leftward shift in the demand curve for coffee. b. downward movement along the demand curve for coffee. c. rightward shift in the demand curve for coffee. d. upward movement along the demand curve for coffee.
The market value of all domestically produced final goods and services are also equal to the total amount spent by ________ less spending on imported goods and services.
A. households, firms, and the foreign sector B. households and firms C. households, firms, governments, and the foreign sector D. households, firms, and governments
In terms of individual nations, the largest U.S. trade deficit is with:
A. Japan. B. Mexico. C. China. D. Canada.