Author Question: In the above table, the employment-to-population ratio is A) 51 percent. B) 42 percent. C) 62 ... (Read 49 times)

mckennatimberlake · **on:** Jun 29, 2018

In the above table, the employment-to-population ratio is

A) 51 percent.
B) 42 percent.
C) 62 percent.
D) 44 percent.

Question 2

According to the BEA, in the second quarter of 2012 state and local government spending on goods and services changed by -1.4 percent. Using the expenditure approach, this change leads to

A) a decrease in government expenditure on goods and services.
B) no change in GDP because only federal government expenditures are included in GDP.
C) a decrease in gross private domestic investment.
D) no change in GDP because state and local government expenditure is always canceled out by federal government expenditure.