In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time workers would prefer full-time work. What is the unemployment rate?
A) 23.2 percent
B) 6.7 percent
C) 8 percent
D) 25 percent
Question 2
The capital stock increases whenever
A) gross investment is exceeds net investment.
B) net investment exceeds gross investment.
C) gross investment is negative.
D) net investment is positive.