If the unemployment rate is 6.2% and the number of people employed is 200,000, the labor force is approximately
A. 210,970 people.
B. 212,400 people
C. 213,220 people.
D. cannot be determined from this information.
Answer: C
Economics
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If the citizens of a country were to work harder and take less leisure time, it would
a. shift the production possibilities curve outward. b. cause an economy to operate inside its production possibilities curve. c. shift the production possibilities curve inward. d. cause an economy to move from one point on the production possibilities curve to another point on the curve.
Economics
Technological advances that contribute to economic growth include the following, except:
A. Innovative production techniques B. New managerial methods C. Innovative digital gadgets for consumers D. New forms of business organization
Economics