In a country with a working-age population of 100 million, 70 million workers are employed and 5 million workers are unemployed. What is the labor force participation rate?

The above figure shows the market for finish carpenters in Bozeman. If there is a minimum wage set at $18, then there will be

A) unemployment of 200 workers. B) a surplus of 200 workers. C) unemployment of 400 workers. D) a surplus of 400 workers. E) no unemployment of workers and no surplus of workers.

The purchase and sale of three types of legal items are not included in this year's GDP. What are these three items?

What will be an ideal response?