Based on the information in the above table, what is the unemployment rate? What is the labor force participation rate?
What will be an ideal response?
The unemployment rate equals (6 million unemployed) ÷ (139 million labor force) × 100 = 4.3 percent. The labor force participation rate equals (139 million labor force) ÷ (207 million working-age population) × 100 = 67.1 percent.
Economics
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Using the rule of 70, if the GDP per capita growth rate in the United States is 3.5 percent, real GDP per capita doubles every
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Which auctioned good is more likely to have different private values across potential bidders?
A) a truckload of sand B) a Monet painting C) a brand new car D) a gold bar
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