Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are in the labor force in this economy?

The key to sustained economic growth is increasing labor productivity

Indicate whether the statement is true or false

Business cycles that are triggered by events such as wars, changes in housing construction, or innovation are known as

a. internally induced cycles b. externally induced cycles c. real business cycles d. population cycles e. accelerating cycles