Which of the following would NOT be included in this year's GDP?
Answer: D) your purchase of your neighbor's 2001 Toyota
Economics
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Cyclical unemployment is the result of
A) the search process of matching workers with jobs. B) a slowdown in the economy. C) a persistent mismatch between the skills and characteristics of workers and the requirements of the jobs. D) the ups and downs in inflation.
Economics
Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?
a. 6.7% b. 9.5% c. 10.5% d. 28%
Economics