This topic contains a solution. Click here to go to the answer

Author Question: Based on the information in the above table, what is the unemployment rate? What is the labor force ... (Read 96 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
Based on the information in the above table, what is the unemployment rate? What is the labor force participation rate?
 
  What will be an ideal response?

Question 2

The chain-weighted output index method ________.
 
  A) is used to calculate the value of nominal GDP
  B) values the quantities produced in a year at the prices of the base year
  C) shows that real GDP increases every year
  D) uses the prices of two adjacent years to calculate the real GDP growth rate



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

The unemployment rate equals (6 million unemployed)  (139 million labor force)  100 = 4.3 percent. The labor force participation rate equals (139 million labor force)  (207 million working-age population)  100 = 67.1 percent.

Answer to Question 2

D




big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library