Author Question: In September 2014, the official U-3 unemployment rate dropped from 6.1 percent to 5.9 percent. This ... (Read 51 times)

Jkov05 · **on:** Jun 29, 2018

In September 2014, the official U-3 unemployment rate dropped from 6.1 percent to 5.9 percent. This change could have been caused by

A) unemployed workers giving up looking for a job.
B) part-time workers getting a full-time job.
C) full-time workers becoming part-time workers.
D) workers who had previously given up looking for a job starting to look again.

Question 2

Suppose a nation's population grows by 2 percent and, at the same time, its GDP grows by 5 percent. Approximately how fast will real GDP per person increase?

A) 3 percent per year
B) 2 percent per year
C) 5 percent per year
D) 10 percent per year