What are the rates of unemployment and labour force cipation of et one: a. The rate of unemployment is 10 percent, and the labour force participation rate is 75 percent. b. The rate of unemployment is 11 percent, and the labour force participation rate is 90 percent. C. The rate of unemployment is 10 percent, and the labour force participation rate is 83 percent. d. The rate of unemployment is 11 percent, and the labour force participation rate is 83 percent.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The total population (aged 16 and older) of Econland is 48 million.
Of this total, 4 million are unemployed and 36 million currently hold
jobs. What are the rates of unemployment and labour force
participation of
Select one:
The rate of unemployment is 10 percent, and the labour
force participation rate is 75 percent.
O a.
O b. The rate of unemployment is 11 percent, and the labour
force participation rate is 90 percent.
O c. The rate of unemployment is 10 percent, and the labour
force participation rate is 83 percent.
O d. The rate of unemployment is 11 percent, and the labour
force participation rate is 83 percent.
Transcribed Image Text:The total population (aged 16 and older) of Econland is 48 million. Of this total, 4 million are unemployed and 36 million currently hold jobs. What are the rates of unemployment and labour force participation of Select one: The rate of unemployment is 10 percent, and the labour force participation rate is 75 percent. O a. O b. The rate of unemployment is 11 percent, and the labour force participation rate is 90 percent. O c. The rate of unemployment is 10 percent, and the labour force participation rate is 83 percent. O d. The rate of unemployment is 11 percent, and the labour force participation rate is 83 percent.
The "yardstick" people use to post prices and record debts is called
Select one:
O a.
a unit of account.
O b. a medium of exchange.
O c. a store of value.
O d. liquidity.
Transcribed Image Text:The "yardstick" people use to post prices and record debts is called Select one: O a. a unit of account. O b. a medium of exchange. O c. a store of value. O d. liquidity.
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