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Author Question: Suppose that in 2015 a country has a population of 1 million and real GDP of 1 billion. In 2016, the ... (Read 114 times)

mpobi80

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on: Jun 29, 2018
Suppose that in 2015 a country has a population of 1 million and real GDP of 1 billion. In 2016, the population is 1.1 million and the real GDP is 1.1 billion. The real GDP per person growth rate is
 
  A) 1000.
  B) positive.
  C) negative.
  D) zero.

Question 2

Suppose that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is ________. Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is ________.
 
  A) 9 percent; 10 percent
  B) 10 percent; 9 percent
  C) 10 percent; 11 percent
  D) 11 percent; 10 percent


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ankilker

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

D

Answer to Question 2

C


mpobi80

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Reply 2 on: Jun 29, 2018
Wow, this really help

Dominic

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

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