In a country with a working-age population of 100 million, 70 million workers are employed and 5 million workers are unemployed. What is the labor force participation rate?
A) 70 percent
B) 5 percent
C) 75 percent
D) 7 percent
Question 2
Last year in the country of Nerf imports equaled exports. Nerf's GDP was 500 million, its consumer expenditure was 380 million, and its investment was 20 million. Nerf's government expenditure on goods and services were ________.
A) 100 million
B) 900 million
C) 500 million
D) zero
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