Suppose Luke values a scoop of Italian gelato at $4 . Leia values a scoop of Italian gelato at $6 . The pre-tax price of a scoop of Italian gelato is $2 . The government imposes a "fat tax" of $3 on each scoop of Italian gelato, and the price rises to $5 . The deadweight loss from the tax is

If N is the working-age population, Q is the labor force, and U is the number of unemployed, then the participation rate is measured as

A) U/N B) Q/U C) Q/N D) (Q-U)/N

In the second quarter of 1995, the following values were observed: real GDP = 4,359.3 billion; GDP deflator = 325.1; and M1 = 989.5. What is the value of velocity?

A. 32.51 B. 24.31 C. 14.32 D. 2.31