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Author Question: Suppose initially that the working-age population is 220 million, the labor force is 150 million, ... (Read 124 times)

nramada

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on: Jun 29, 2018
Suppose initially that the working-age population is 220 million, the labor force is 150 million, and the official U-3 unemployment rate is 10 percent.
 
  5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new U-3 unemployment rate? A) 6.25 percent
  B) 6.7 percent
  C) 9.7 percent
  D) 8.7 percent

Question 2

Which of the following is FALSE about saving?
 
  A) Saving adds to wealth.
  B) Income left after paying taxes can either be consumed or saved.
  C) Saving equals wealth minus consumption expenditures.
  D) Saving is the source of funds used to finance investment.


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cat123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


nramada

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

alexanderhamilton

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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