QUESTION 9 A firm's value added equals its revenue minus all of its costs. its revenue minus its wages. its revenue minus its wages and profit. ies revenue minus its cost of intermediate goods. O none of the above QUESTION 10 Suppose that you are provided with the following data for your country for a particular month 200 million people are working 20 milion are not working but are looking for work, and 40 milion are not working and have given up looking for work. The official unemployment rate for that month is O7.7% O 23 QUESTION 11 The labor force in the United States is defined as the total number of individuals who are employed. the sum of the total number of individuals who are employed and the officiallunemployed. the sum of the total number of individuals who are employed, the officially unemployed, and discouraged workers the total number of individuuals who are 16 years old and older, but not retired. none of the above

QUESTION 9 A firm's value added equals its revenue minus all of its costs. its revenue minus its wages. its revenue minus its wages and profit. ies revenue minus its cost of intermediate goods. O none of the above QUESTION 10 Suppose that you are provided with the following data for your country for a particular month 200 million people are working 20 milion are not working but are looking for work, and 40 milion are not working and have given up looking for work. The official unemployment rate for that month is O7.7% O 23 QUESTION 11 The labor force in the United States is defined as the total number of individuals who are employed. the sum of the total number of individuals who are employed and the officiallunemployed. the sum of the total number of individuals who are employed, the officially unemployed, and discouraged workers the total number of individuuals who are 16 years old and older, but not retired. none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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