Which of the following equations would indicate income elasticity of demand?
a. +20% × +10% = +200
b. +20% + +10% = +30
c. +20% ¸ +10% = +2
d. +20% – +10% = +10
c. +20% ¸ +10% = +2
Economics
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A-1 bank initially has no excess reserves. If the desired reserve ratio is 10 percent and a new deposit of $10,000 is made in A-1, then A-1
A) can immediately loan $9,000. B) is required to hold the deposit in its reserves. C) can immediately loan $100,000. D) can immediately loan a multiple of the $10,000. E) can immediately loan $10,000.
Economics
The Bureau of Labor Statistics reported the data in the table above for October 2003
a) Calculate the number of people unemployed. b) Calculate the number of people who are not in the labor force c) Calculate the unemployment rate. d) Calculate the labor force participation rate.
Economics