If the number employed is 190 million, the number unemployed is 10 million, and the working-age population is 250 million, then the labor force participation rate is
A) 4%.
B) 5.2%.
C) 60%.
D) 76%.
E) 80%.
Answer: E
Economics
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Elvis values the first gravy sandwich at $5, the second at $4.50, the third at $4 . If he buys three for $4 each, his consumer surplus is
a. $5 b. $4 c. $1.50 d. $9.50 e. $12
Economics
Using Figure 1 below, if the aggregate demand curve shifts from AD2 to AD1 the result in the short run would be:
A. P1 and Y1.
B. P3 and Y1.
C. P4 and Y1.
D. P4 and Y2.
Economics