To convert a nominal GDP to a real GDP, you would use

The Bureau of Labor Statistics does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change

What will be an ideal response?

The schedule of the amount of a product that consumers would be willing to purchase at alternative prices during a specific time period is the

a. total utility schedule. b. marginal utility schedule. c. supply schedule. d. demand schedule.