Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve the above three correctly. Multiple votes will be given. My last attempt. Ty-ped answer only... The unemployment rate is derived from data on: (A)

Solve the above three correctly. Multiple votes will be given. My last attempt. Ty-ped answer only...

image text in transcribedimage text in transcribedimage text in transcribed
The unemployment rate is derived from data on: (A) the number of persons in the labor force and the labor force participation rate. O B) the size of the labor force and the number of unemployed persons. C) the number of unemployed persons and the number of discouraged workers. D) the size of both the labor force and the population.Assume an economy produces just cars and computers; use the information in the table below to answer the following questions about the GDP. Assume year 2014 as the base-year. Cars Computers Year Quantity Price Quantity Price 2014 100 $10,000 1,000 $1,000 2015 110 $12,000 1,100 $900 Refer to the table above. The Real GDP in year 2014 in the base year prices was while the Real GDP in 2015 in the base-year was. ; the rate of economic growth in year 2015 was percent:. OA) $3,300,000; $6,300,000; 13% OB) $2,000,000; $2,200,000; 10% O c) $2,000,000; $5,850,000; 15% OD) $1,000,000; $2,000,000; 8%The economy GDP in the short-run depends on (A) quantity of resources. O B) ) total spending. OC) new technology and productivity. OD) quality of resources

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_2

Step: 3

blur-text-image_3

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

Public Administration And Law

Authors: David H Rosenbloom, Rosemary O'Leary, Joshua M Chanin

3rd Edition

1439803986, 9781439803981

More Books

Students also viewed these Economics questions

Question

What is a goal? (p. 86)

Answered: 1 week ago