Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4) In 2008, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2009, real GDP was $4.11 billion

image text in transcribed

4) In 2008, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2009, real GDP was $4.11 billion and population was 2.97 million. From 2008 to 2009, Armenia's standard of living A) increased B) decreased C) did not change D) might have increased, decreased, or remained unchanged but more information is needed to determine which. 5)If the population is 300 million, 70 million under the age of 16 , another 70 million not in the labor force, If 10 million unemployed, the unemployment rate is A)23.3 percent. B) 6.7 percent. C) 6.25 percent. D) 26.7 percent. 6) If the population is 300 million, with 70 million under the age of 16, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment-to-population rate is A) 53.3 percent. B) 65.2 percent. C) 46.7 percent. D) 87.5 percent. 4) In 2008, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2009, real GDP was $4.11 billion and population was 2.97 million. From 2008 to 2009, Armenia's standard of living A) increased B) decreased C) did not change D) might have increased, decreased, or remained unchanged but more information is needed to determine which. 5)If the population is 300 million, 70 million under the age of 16 , another 70 million not in the labor force, If 10 million unemployed, the unemployment rate is A)23.3 percent. B) 6.7 percent. C) 6.25 percent. D) 26.7 percent. 6) If the population is 300 million, with 70 million under the age of 16, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment-to-population rate is A) 53.3 percent. B) 65.2 percent. C) 46.7 percent. D) 87.5 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Innovation And Finance

Authors: Andreas Pyka, Hans-Peter Burghof

1st Edition

0415696852, 978-0415696852

More Books

Students also viewed these Finance questions

Question

=+Does the federal funds rate matter only for banks?

Answered: 1 week ago