Each month, the Bureau of Labor Statistics calculates unemployment by
a. surveying all workers in the economy.
b. surveying a random sample of households.
c. making projections based on census data.
d. surveying large business and government employers.
B
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In early 2010 there were __________ Americans working than there were 10 years earlier.
A. more B. fewer C. the same number of
The country of Lessidinia has a tax system identical to that of the United States. Suppose someone in Lessidinia bought a parcel of land for 20,000 foci (the local currency) in 1960 when the price index equaled 100 . In 2002, the person sold the land for 100,000 foci, and the price index equaled 600 . The tax rate on nominal gains was 20 percent. Compute the taxes on the nominal gain and the
change in the real value of the land in terms of 2002 prices to find the after-tax real rate of capital gain. a. -60 percent b. -30 percent c. 30 percent d. 60 percent
the law of comparative advantage does not apply to _____ a. entire nations.
b. natural resources. c. individuals. d. firms. e. the regions of a country.
According to the text, U.S. corporations generated approximately what percentage of total sales revenue in 2015?
A. 11 percent. B. 72 percent. C. 82 percent. D. 20 percent.