The unemployment rate is the number of unemployed people
A) divided by the sum of the number of people who are working and the number of people who are looking for work.
B) and the number of people working fewer than their desired number of hours, divided by the number of people who are working or looking for work.
C) divided by the total working-age population.
D) divided by the number of people who are working.
A
You might also like to view...
Refer to Table 5.1. What is Andrea's opportunity cost of producing one bracelet?
A) 1/6 of a tiara B) 2/3 of a tiara C) 6 tiaras D) 7.5 tiaras
The payroll tax differs from the individual income tax because the payroll tax is primarily earmarked to pay for
a. employer-provided pensions. b. Social Security and Medicare. c. employer-provided health benefits. d. job loss and training programs.
A physician's office expenses increase by 10 percent, so the doctor decides to raise the price of office visits. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice revenues?
a. Office visits and total revenue rise if demand is inelastic. b. Office visits and total revenue stay the same if demand is elastic. c. Office visits will fall and total revenue will rise if demand is inelastic. d. Office visits will rise and total revenue will fall if demand is elastic. e. Office visits and total revenue fall if demand is inelastic.
Assume that an increase in a household's disposable income from $40,000 to $48,000 leads to an increase in consumption from $35,000 to $41,000. This means that the household's
A. marginal propensity to save is 0.20. B. marginal propensity to consume is 0.6. C. average propensity to consume is 0.75. D. marginal propensity to consume is 0.75.