The labor force includes:
A. employed workers and persons who are officially unemployed.
B. employed workers but excludes persons who are officially unemployed.
C. full-time workers but excludes part-time workers.
D. permanent employees but excludes temporary employees.
A. employed workers and persons who are officially unemployed.
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Drawing conclusions from international comparisons of GDP are difficult to assess because
A) GDP is understated in poorer countries because much of the work that people do is not provided in markets. B) GDP cannot be adequately evaluated as a measure of people's welfare or well-being. C) without adjusting for purchasing power parity, GDP comparisons might very well be meaningless. D) all the above reasons hold true.
Sensitivity analysis of the results may include the following with the exception of
A) stability over time analysis of the estimated multipliers. B) using homoskedasticity only rather than HAC standard errors. C) investigation of omitted variable bias. D) looking at different computations of the HAC standard errors.