71)To calculate the labour force participation rate, divide the...

a.Number of employed by the working-age population times 100.

b.Labour force by the working-age population times 100.

c.Working-age population by the labour force times 100.

d.Number of employed by the labour force times 100.

72)GDP is problematic because it does not account for...

a.Non-market activities.

b.The distribution of income.

c.The quality of goods produced.

d.All of the other options.

73)In the short run, aggregate demand and aggregate supply determines _____ output.

a.Equilibrium.

b.Potential.

c.Microeconomic.

d.Full-employment.