Author Question: If the labor force consists of 1,000 people and and the unemployment rate is 7, then 930 people must ... (Read 66 times)

Ebrown · **on:** Jun 29, 2018

If the labor force consists of 1,000 people and and the unemployment rate is 7, then 930 people must be considered employed.

Indicate whether the statement is true or false

Question 2

If ________ GDP exceeds ________ GDP, employment exceeds its full-employment level and the unemployment rate is ________ the natural unemployment rate.

A) real; nominal; below
B) real; potential; below
C) real; potential; above
D) nominal; potential; above
E) nominal; potential; below