The labor force participation rate is the percentage of the adult population that is
A) employed.
B) willing to work but unable to find jobs.
C) unemployed.
D) working or actively looking for work.
D
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The table shows the distribution of human and non-human capital for two people, Sam and Janet
a) Looking just at tangible assets (non-human capital), by how many times does Janet's wealth exceed Sam's? b) Assume that both human and non-human capital earn a 10 percent annual interest rate. Calculate Sam's and Janet's total income. c) By how many times does Janet's total income exceed Sam's? d) Which comparison results in a more equal distribution? e) Which comparison gives a better indication of each person's economic condition?
New classical economics assumes that government has direct control over the equilibrium level of GDP and indirect control over the money supply
a. True b. False Indicate whether the statement is true or false