Suppose an economy has 90,000 employed persons and 10,000 unemployed persons, the unemployment rate is
a. 11.1%
b. 10.0%
c. 5.6%
d. 12.5%
e. 9.1%
B
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What are the two basic reasons inside lags occur?
What will be an ideal response?
The price charged by a monopolist is the point on the demand curve that corresponds to the output where marginal revenue equals marginal cost
a. True b. False Indicate whether the statement is true or false
The most important policy implication of the Classical growth model is that:
A. budget deficits will stimulate economic growth. B. policies to slow population growth will accelerate economic growth. C. policies to stimulate saving and investment will stimulate economic growth. D. policies to stimulate technological development will stimulate economic growth.
Opportunity costs arise from
A. choices. B. income inequality. C. poverty. D. mistakes.