GDP does not account for things we do not value or like, and these things are called "economic bads."

The employment-to-population ratio is equal to the number of

A) unemployed people divided by the total population then multiplied by 100. B) employed people divided by the working-age population then multiplied by 100. C) employed people divided by the total population then multiplied by 100. D) unemployed people divided by the working age population then multiplied by 100.

If the quantity of housing supplied in a community is less than the quantity of houses demanded, the existing price:

A) will remain unchanged. B) will fall to clear the market. C) will either fall or remain unchanged. D) is below the market equilibrium price.