If the labor force consists of 1,000 people and and the ...

[Ebrown]

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

[aloop]

Answer to Question 1

TRUE

Answer to Question 2

B

[Ebrown]

YES! Correct, THANKS for helping me on my review

[mochi09]

Thanks for the timely response, appreciate it