Author Question: The rate of unemployment can be calculated by a. simply dividing all unemployed persons by all ... (Read 641 times)

Mr3Hunna · **on:** Jun 30, 2018

The rate of unemployment can be calculated by

a. simply dividing all unemployed persons by all employed persons.
b. subtracting those employed from the total labor force to find the number of unemployed and express this number as a percent of the total labor force.
c. subtract those unemployed from the total labor force and express this number as a percent of the total labor force.
d. dividing all unemployed by the population.

Question 2

In the neoclassical growth model, if two countries are exactly the same but one has a lower depreciation rate, we would expect that country to have

a. higher output, a higher capital-to-labor ratio, and the same per capita output growth in the steady state.
b. higher output, a higher capital-to-labor ratio, and higher per capita output growth in the steady state.
c. the same output and capital-to-labor ratio, but higher per capita output growth in the steady state.
d. higher output, the same capital-to-labor ratio, and the same per capita output growth in the steady state.