Author Question: If the number of employed people in a country is 21 million, and the number of unemployed workers in ... (Read 181 times)

shofmannx20 · **on:** Jun 30, 2018

If the number of employed people in a country is 21 million, and the number of unemployed workers in a country is 10 million. The size of the labor force in the country is equal to ________.

A) 31 million B) 21 million C) 11 million D) 10 million

Consider an economy that consists of the following economic agents only.

2 million full-time workers
1 million part-time workers
1 million people who have been laid off by their employers but are currently looking for employment
1 million children of age fifteen years or less
2 million housewives not looking for jobs

Question 2

During 2008 and 2009, the debt to GDP ratio in the United States

A) remained relatively unchanged, as it has since the mid 1970s.
B) fell to its lowest level since World War I.
C) is the highest it has been since the founding of the country.
D) rose to its highest level since World War II.

akudia · **Reply #1 on:** Jun 30, 2018

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