The largest component of the U.S. GDP is:
A. C
B. I
C. G
D. NX
A. C
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People who are currently not working but are actively looking for work are officially classified as
A) employed and out of the labor force. B) unemployed and out of the labor force. C) employed and in the labor force. D) unemployed and in the labor force.
The more ________, the larger is the amount of the tax on the good that the ________ pays
A) elastic the demand for a good; buyers B) inelastic the demand for a good; buyers C) inelastic the supply of a good; buyers D) elastic the supply of a good; sellers
If the unemployment rate for whites was 5%, then the unemployment rate for blacks would be around
A. 3%. B. 5%. C. 7%. D. 10%. E. 15%.
The leading example of sampling schemes in econometrics that do not result in independent observations is
A) cross-sectional data. B) experimental data. C) the Current Population Survey. D) when the data are sampled over time for the same entity.