Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is:

If prices have been rising since the base year for GDP (which was years ago), which will be smaller?

A. nominal GDP B. real GDP C. cannot say

To be a positive economic statement, an assertion must be true

a. True b. False Indicate whether the statement is true or false