When people speak of the labor force participation rate, they are actually talking about the percentage of

a. people not working but actively seeking work.
b. people who are working.
c. new entrants into the labor force.
d. working-age people who are either working or seeking work.

D

Economics

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Refer to Table 2-18. What is Minnie's opportunity cost of making an umbrella?

A) 1/10 of a hat B) 1/4 of a hat C) 4 hats D) 40 hats

Economics

Refer to above Table 2-2. The implicit GDP deflator for year 2 is

A) 1.284. B) 1.432. C) 1.101. D) 1.334.

Economics