The unemployment rate is the
A) percentage of employed people that does not have a job.
B) number of unemployed people.
C) percentage of the working-age population that does not have a job.
D) percentage of the labor force that does not have a job.
E) percentage of the population that does not have a job.
D
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All of the following are devices that governments can use to achieve a more efficient allocation of resources in the presence of external benefits EXCEPT
A) vouchers. B) private subsidies. C) marketable permits. D) public provision.
If the CPI in year 2 equals 110 and the CPI in year 3 equals 121, it can be concluded that consumer prices:
A. rose from year 2 to year 3 by 21 percent. B. rose from year 2 to year 3 by 10 percent. C. are the same in year 2 as in the base year. D. rose from year 2 to year 3 by 11 percent.