Suppose that the BLS surveys 500 adults, and of those 500, 4…
Suppose that the BLS surveys 500 adults, and of those 500, 450 were working full-time. Of the 50 not working, 10 were full-time non-working students, 25 had stopped looking because they believed there were no jobs available, and 11 were seeking market work. What is the unemployment rate?
Read DetailsWe practiced determining if a transaction would affect GDP o…
We practiced determining if a transaction would affect GDP or not. Which of the following item(s) would change the overall value of U.S. GDP for this year?a) Welfare benefits paid to recipients this year.b) Cars produced by Ford in the U.S. last year and sold in this year.c) An avocado imported from Mexico.d) A McDonald’s hamburger consumed by a household this year.e) Goods and services produced in the U.S. and sold to a Canadian tourist this year.
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