Suppose a country has 1 billion people. 75 percent of its citizens are in the labor force, with 90 million unemployed. Full employment occurs at 2 percent. Based on this information, what is the unemployment rate?
A. 8.3 percent.
B. 12.0 percent.
C. 25.0 percent.
D. 9.0 percent.
Answer: B
Economics
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The International Monetary Fund (IMF) is an international organization designed to
A) promote world economic growth via loans to developed nations. B) promote world economic growth by means of greater financial stability. C) circulate a single currency worldwide. D) act as the world's central bank.
Economics
A primary function of a central bank is to
A) regulate dividend payments by corporations. B) act as a regulator of banks. C) control the bond market. D) publish statistics on banking and related financial matters.`
Economics