Author Question: Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and ... (Read 32 times)

corkyiscool3328 · **on:** Jun 30, 2018

Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the unemployment rate is approximately

A) 4.2 percent. B) 6.1 percent. C) 7.5 percent. D) 8.0 percent.

Question 2

To find the market demand curve for in-line skates, we must

A) add the quantities demanded at every price and every income by every buyer of in-line skates.
B) add the quantities demanded at prices that all buyers can afford to pay.
C) take account of the skate buying plans of all actual and potential buyers in all possible situations.
D) sum horizontally the individual demand curves of all the buyers.
E) None of the above answers is correct because we need also to take account of the supply of in-line skates.

TDubDCFL · **Reply #1 on:** Jun 30, 2018

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