Which of the following is the correct way to calculate the unemployment rate?
A. [(unemployed)/(population)] × 100
B. [(unemployed)/(labor force)] × 100
C. [(labor force)/(population)] × 100
D. [(labor force)/(unemployed)] × 100
B. [(unemployed)/(labor force)] × 100
Economics
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Explain how each of the following limits the economic growth of developing nations:
(a) Insufficient capital formation (b) A shortage of human resources (c) A lack of social overhead capital
Economics
In the above table, what is the marginal revenue product of the 2nd worker?
A) $99 B) $70 C) $110 D) $9
Economics