If the population of a country is 1,000,000 people, its labor force consists of 600,000, and 60,000 people are unemployed, the unemployment rate is:
A. 6.0 percent.
B. 6.6 percent.
C. 10.0 percent.
D. 60.0 percent.
C. 10.0 percent.
Economics
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Give an example of how money is often handled when interest rates are high.
What will be an ideal response?
Economics
Which fundamental question about a competitive market system primarily focuses on technological progress and capital accumulation?
A. Who will get the goods and services? B. How will the goods and services be produced? C. How will the system promote progress? D. What goods and services will be produced?
Economics