In a certain country, the labor force is 30 million and the unemployment rate is 5 percent. What is the amount of unemployed individuals in this country?

If the nominal interest rate was 12 percent and the inflation rate was 10 percent in 1980, while the nominal interest rate was 7 percent and the inflation rate was 2 percent in 2001, then

a. real rates were higher in 2001. b. real rates were higher in 1980. c. credit was more expensive in 1980. d. credit was cheaper in 2001 because the nominal rate was lower.

Eric, a resident of Sweden, purchases a book printed in the U.S. Which country's exports increase?

a. Sweden's b. the U.S.'s c. Sweden's and the U.S.'s d. neither Sweden's nor the U.S.'s