If the population is 267 million, the labor force is 136 million, and the number measured as unemployed is 6.8 million, what is the rate of unemployment?
What will be an ideal response?
Divide 6.8 million by 136 million to get 0.05; multiply 0.05 by 100 to get 5.0% as the rate of unemployment.
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If a corporate bond with face value of $8,000 has an interest rate of 4 percent paid once a year for a term of 30 years, what is the size of the coupon payment?
A) $320 B) $2,000 C) $8,000 D) $9,600
Market exchange assumes that _____
a. there are no monopolies b. prisoner dilemmas are nonexistent c. parties to the exchange have well-defined property rights d. the public sector is failing its job
Say the market for cereal is initially in equilibrium when all the major newspaper published the findings from study that say that eating 2 cups of cereal each day significantly reduces the risk for a heart attack. Other things equal, the publication of these findings will:
A. decrease the market price of cereal. B. decrease the market quantity of cereal. C. increase the supply of cereal. D. increase the quantity supplied of cereal.
According to convergence theory, countries that start out poor should initially grow:
A. faster than ones that start out rich, and will eventually surpass their level of income. B. faster than ones that start out rich, but will eventually slow to the same growth rate. C. slower than ones that start out rich, but will eventually grow to the same growth rate. D. slower than ones that start out rich, and therefore will never reach a similar growth rate.