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Author Question: The unemployment rate is the number of people unemployed divided by the A) number of people ... (Read 126 times)

javeds

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The unemployment rate is the number of people unemployed divided by the
 
  A) number of people employed, then multiplied by 100.
  B) working-age population, then multiplied by 100.
  C) labor force, then multiplied by 100.
  D) labor force participation rate, then multiplied by the population.
  E) population, then multiplied by 100.

Question 2

The food processing industry in Richland accounts for 20 of its GDP.
 
  Which of the following will happen if firms in this industry become pessimistic about the future demand for their products? Assume that consumption and government expenditure remains unchanged.
  A) Richland's unemployment rate will fall. B) Richland's interest rate will increase.
  C) Richland's inflation rate will increase. D) Richland's GDP will fall.


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elyse44

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javeds

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


ghepp

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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