Author Question: Suppose an economy has the following characteristics: 100 people in the noninstitutional population; ... (Read 23 times)

cagreen833 · **on:** Jun 29, 2018

Suppose an economy has the following characteristics: 100 people in the noninstitutional population; 40 people employed; 50 people not in the labor force. How many people are unemployed?

A) 100
B) 90
C) 50
D) 40
E) 10

Question 2

Suppose an economy has the following characteristics: 100 people in the noninstitutional population; 40 people employed; 50 people not in the labor force. How many people are in the economy's labor force?

A) 40
B) 50
C) 90
D) 100