The civilian labor force includes
A) The number of people in the Armed Services.
B) The number of employed persons.
C) The number of employed and unemployed persons in the economy.
D) None of the above.
Answer: C
Economics
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The maximum amount of production that can be produced while avoiding shortages of labor, capital, land, and entrepreneurship that would bring rising inflation is called
A) real GDP. B) nominal GDP. C) actual GDP. D) potential GDP.
Economics
If the median voter voted against a project, we can infer that
A) at least half of the voters also voted against it. B) at most a third of the voters voted against the project. C) the project was approved. D) at least half of the voters voted in favor of the project.
Economics