Government spending ________ is included in gross domestic product
A) at the federal level of government only B) at state and local levels of government only
C) at federal, state, and local levels of government D) on defense goods only
C
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An increase in the nation's capital stock will
A) shift the PPF outward. B) cause a movement along the PPF up and to the left. C) cause a movement along the PPF down and to the right. D) move the nation from producing within the PPF to producing at a point closer to the PPF.
The unemployment rate equals
a. (number of people without a job ÷ population)× 100. b. (number of people unemployed ÷ population) × 100. c. [(working-age population - number of people employed) ÷ labor force] × 100. d. (number of people without a job ÷ working-age population) × 100. e. (number of people unemployed ÷ labor force) × 100.