If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, how many workers are in the labor force?
A) 1 million
B) 20 million
C) 475 million
D) 481 million
Answer: C
Economics
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If the economy's capital stock increases over time
A) net investment is positive. B) depreciation is less than zero. C) depreciation exceeds gross investment. D) gross investment equals depreciation.
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Given the information in Figure 18.1, the competitive output in the corbomite industry is:
A) Q0. B) Q1. C) Q2. D) any level as long as price is P0.
Economics