The following are acceptable grounds for SELF-DEFENSE CASE, except:

If the labor force participation rate is 70% and the labor force is 140 million, then the total population is 200 million.

During a contraction phase, economic activity decreases, leading to lower GDP and higher unemployment.

Economics is all about Banking and Money. 

We live on a finite planet. 

Calculation Example: If there are 5,000 unemployed people and a labor force of 50,000, what is the unemployment rate? a) 10% b) 5% c) 15% d) 20%

Labor Force Participation Rate Calculation: With a total population of 100,000 and a labor force of 60,000, what is the labor force participation rate? a) 60% b) 40% c) 80% d) 20%

A peak is the lowest point of economic activity in the business cycle.

A recession is defined as two consecutive quarters of positive GDP growth.

Global Impact on Business Cycle: True or False: Events in one country cannot impact the business cycle in another country.