The employment/population ratio identifies the proportion of the population age 16 and over that is
a. either looking for work or on layoff waiting to be rehired.
b. employed.
c. in the labor force.
d. unemployed.
B
You might also like to view...
Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, and technological advance.
What will be an ideal response?
Long-run macroeconomic equilibrium occurs when
A) the aggregate demand curve intersects the short-run aggregate supply curve. B) the aggregate demand and short-run aggregate supply curves intersect at a point on the long-run aggregate supply curve. C) structural and frictional unemployment equal zero. D) output is above potential GDP.
A per unit tax or percentage tax on a good or service that must be paid by consumers of that good is
A. a subsidy. B. a gift tax. C. taxation without representation. D. an excise tax.
Productivity is defined as:
a. output per unit of capital. b. output per labor hour. c. output divided by the price level. d. the percentage change in total annual output.