If the rate of unemployment is neither rising nor falling, then the number of people finding jobs must equal the number of people:

A. unemployed.
B. losing or leaving jobs.
C. looking for jobs.
D. leaving the labour force.

Ans: B. losing or leaving jobs.

Economics

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China's prosperity brings income gap The Asian Development Bank [ADB] reports that China has the largest gap between the rich and the poor in Asia

Ifzal Ali, the ADB's chief economist, claims it is not that the rich are getting richer and the poor are getting poorer, but that the rich are getting richer faster than the poor. Source: Financial Times, August 9, 2007 Explain how the distribution of personal income in China can be getting more unequal even though the poorest 20 percent are getting richer.

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A mass-production bagel factory is considering the purchase of a flash freezer to improve the quality of the raw dough it provides supermarket bakeries

The freezer costs $750,000 and would increase business revenues by $48,000 a year after all expenses besides interest are paid. If the interest rate is 7.8 percent, what is the freezer's annual profit rate? A) 7.8 percent. B) 1.4 percent. C) -1.4 percent. D) 5.9 percent. E) -5.9 percent.

Economics