Martha quits a minimum-wage part-time job for a salaried full-time job. The BLS will count Martha as
A) originally unemployed but now employed.
B) originally employed and continuing to be employed.
C) originally a discouraged worker but now happily employed.
D) any of the above.
B
Economics
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A farmer sells raw milk for 50 cents to a dairy, who sells cheese made from it for $1.50 to a grocery wholesaler, who sells it for $1.90 to a supermarket, who sells it to the final consumer for $2.19. These transactions increase the GDP by
A) $0.50 + $1.00 + $0.40 + $0.29 = $2.19. B) $0.50 + $1.00 + $1.90 + $2.19 = $5.59. C) $0.50 + $1.00 = $1.50. D) $2.19 - $1.50 = $0.69. E) $2.19 - $0.50 = $1.69.
Economics
Human capital:
A. can become outdated or deteriorate. B. is always increasing. C. is better when acquired as an adult. D. All of these are true.
Economics