A discouraged worker is someone who

a.Has a job but wants to get another one

b.Works part-time but is actively seeking full-time work

c.Is unemployed and looking for work

d.Gives up looking for work and is no longer counted as unemployed

Which of the following would NOT shift the U.S. aggregate supply curve outward (to the right)?

a.Improved education and training of the U.S. workforce

b.Deporting young adults born in the U.S. whose parents were illegal immigrants

c.New investments in U.S. computer hardware and software systems

d.Lower oil prices and energy costs.

Assume that in August 2020 there were 4,000 unemployed persons in Manchester actively looking for work. Assuming that there were 50,000 persons employed in full-time work and 20,000 persons employed in part-time work, the unemployment rate in Manchester is closest to:

a.1.1 percent

b.1.7 percent

c.5.4 percent

d.5.9 percent

Given the following data, compute the GDP.

Consumption.......................$700 billion

Wages................................$800 billion

Exports...............................$150 billion

Imports...............................$200 billion

Corporate Profits..................$250 billion

Investment..........................$100 billion

Government Purchases..........$250 billion

Government Transfer Payments$200 billion

Note: not all the data may be required to compute the correct answer

The GDP is:

a.$1,000 billion

b.$1,100 billion

c.$1,200 billion

d.$1,300 billion