Suppose the labor force in Tiny Town is 100 people. If the ________ in Tiny Town is 150 people, the labor force participation rate equals ________ multiplied by 100
A) working age population; 100/150
B) working age population; 100/250
C) number of employed persons; 100/250
D) number of employed persons; 100/150
A
Economics
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The FE line is vertical because the level of output at full employment doesn't depend on the
A) real wage rate. B) level of employment. C) marginal product of labor. D) real interest rate.
Economics
Which of the following would not be counted as a final good for inclusion in GDP?
a. a piece of glass bought by a consumer to fix a broken window b. a sheet of glass purchased by General Motors for the side window of a new car c. a sheet of glass produced this year and ending up in the inventory of a retail hardware store d. All of the above are counted.
Economics