Suppose the population is 250 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 200 million people. What is the unemployment rate?
A) 8.0 percent
B) 10.0 percent
C) 13.3 percent
D) 20 million
E) 15.4 percent
C
You might also like to view...
When cash is withdrawn from a checkable-deposit account at a bank, the
A. composition of money supply M1 does not change. B. money supply M1 increases. C. money supply M1 does not change but its composition changes. D. money supply M1 decreases.
Typical IMF remedies for East Asian countries did not include
a. higher interest rates b. reduction in government spending c. deregulation of banking systems d. controls over foreign currency dealings e. all the above were among the typical remedies
The rate of inflation increases when
A) the unemployment rate equals the NAIRU. B) the unemployment rate exceeds the NAIRU. C) the unemployment rate is less than the NAIRU. D) the unemployment rate increases faster than the NAIRU increases.
The Employment Act of 1946
a. implies that the government should avoid being a cause of economic fluctuations. b. implies that the government should respond to changes in the private economy to stabilize aggregate demand. c. reflected the ideas promoted in Keynes's influential book, The General Theory of Employment, Interest, and Money. d. All of the above are correct