In an economy with a population of 100 million persons, 42 million hold civilian jobs and 6 million are not working but are looking for jobs. The number counted as unemployed is
a. 48 million.
b. 6 million.
c. 36 million.
d. 52 million.
e. 58 million.
Answer: a. 48 million.
You might also like to view...
If you pay $2,000 in taxes on an income of $20,000, and a tax of $3,500 on an income of $30,000, then over this range of income the tax is
A) regressive. B) proportional. C) progressive. D) There is insufficient information to answer the question.
In a small economy, gross investment is $1,500, consumption spending is $6,000, net investment is $200, government spending is $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy?
A) $10,700 B) $10,300 C) $10,200 D) $10,000
The value of tax land increases as a result of site value taxation only when _____
a. all governments employ it b. surrounding governments do not employ it c. the supply of land is inelastic d. the demand for housing is strong
The term "marginal analysis" refers to comparing the benefits and costs of choosing a little more or a little less of a good
a. True b. False Indicate whether the statement is true or false