Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for
employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal
A) (30/80 ) × 100. B) (20/60 ) × 100. C) (20/100 ) × 100. D) (20/80 ) × 100.
C
Economics
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If the Consumer Price Index was 90 in one year and 100 in the following year, then the rate of inflation is about:
A. 9 percent B. 10 percent C. 11 percent D. 12 percent
Economics
An investment in yourself is an investment in what economists call human capital.
Answer the following statement true (T) or false (F)
Economics