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The participation rate is defined as: O the ratio of the labour force to the total number of employed and unemployed workers. 0 the ratio of the number unemployed to the size of the labour force. 0 the ratio of the number employed to the size of the labour force. 0 the ratio of the number employed to the civilian noninstitutional population. 0 the ratio of the labour force to the civilian noninstitutional population. Question 1 (1 point) Suppose there is a reduction in government spending (G). In an open economy, this reduction in G will cause: O an increase in domestic consumption. 0 an increase in imports. 0 an increase in domestic output. 0 a reduction in domestic output. 0 a decrease in net exports. Assume the domestic economy is an open economy. Which of the following will make the government spending multiplier larger? 0 a smaller marginal propensity to import O a larger value for domestic output 0 a larger value for foreign output 0 a smaller marginal propensity to consume 0 a lower value for foreign output