Using the above table, the labor force is
A. 930,000.
B. 380,000.
C. 569,000.
D. 911,000.
Answer: B
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If Country A has an absolute advantage over Country B in the production of every commodity:
A. mutual gains from trade between Country A and Country B would be impossible. B. Country B would be able to gain from trade but not country A. C. the joint output of the two countries could not be increased through specialization and exchange. D. mutual gains from trade would still be possible.
Which of the schedules represent(s) a progressive tax?
Answer the question on the basis of the following five schedules, all of which represent income tax schedules for an economy. All figures are in billions of dollars.
A. V only.
B. III and V.
C. II and III.
D. III only.
If the level of investment in an economy is $4,000 and the GDP of the economy is $10,000, the savings rate in the economy must be:
A) 40%. B) 44%. C) 30%. D) 20%.
What factors will shift the aggregate expenditure function for a given level of real domestic income?
What will be an ideal response?