Author Question: If the number of employed persons in a country equals 24 million, the number of unemployed persons ... (Read 186 times)

javeds · **on:** Jun 30, 2018

If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals:
a. 8 percent.
b. 20 percent.
c. 25 percent.
d. 32 percent.

Question 2

If real interest rates in the United States rise relative to real interest rates in other countries, other things being equal,
a. the exchange value of the dollar would decline relative to other currencies.
b. the exchange value of the dollar would increase relative to other currencies.
c. there would likely be no effect on the exchange value of the dollar relative to other currencies.
d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.