The unemployment rate equals the
A) number of employed persons divided by the number of unemployed persons.
B) number of unemployed persons divided by the civilian non-institutional population.
C) number of unemployed persons divided by the civilian labor force.
D) sum of unemployed persons and discouraged workers divided by the civilian labor force.
C
You might also like to view...
Suppose a bank has $200 million in checking account deposits with no excess reserves and the required reserve ratio is 15%. If the Fed reduces the required reserve ratio to 10%, the bank will now have excess reserves of
A) $0. B) $10 million. C) $20 million. D) $30 million.
The additional cost associated with the hiring of one more unit of labor is known as the
A) marginal physical product of labor. B) marginal revenue product of labor. C) marginal factor cost of labor. D) marginal utility of labor.
Which of the following is a characteristic of perfect competition?
a. substantial barriers to entry b. homogeneous products c. few sellers d. each firm has significant control over the market
An ethanol processing plant operates relatively efficiently when operating at its designed "capacity". The firm is willing to pay more for delivery of corn to maintain this level of output. This indicates that the firm is likely to experience ______ (higher, lower, the same) average total costs operating at less than this level of output.
a. Higher b. Lower c. The same