Author Question: If the unemployment rate is 8 percent, this means: a. 8 percent of the population is unemployed. b. ... (Read 86 times)

Bob-Dole · **on:** Jun 30, 2018

If the unemployment rate is 8 percent, this means:
a. 8 percent of the population is unemployed.
b. 8 percent of the population over age 16 is unemployed.
c. 8 percent of the labor force is unemployed.
d. the number of unemployed persons equals 8 percent of the employed persons.

Question 2

If the rate of inflation overseas rises relative to the rate of inflation in the United States, U.S. net exports will tend to ____, causing the exchange value of the U.S. dollar to ____.
a. rise; rise
b. rise; fall
c. fall; rise
d. fall; fall