If you hear that unemployment decreased by 2 percentage points to 6 percent in the past year,while the labor force participation rate remained constant,it means:
A) 2 out of every 10 people lost their job in the last year.
B) 20 out of every 1,000 unemployed persons found a job in the last year.
C) 2 out of every 100 people lost their job in the past year.
D) 2 out of every 100 unemployed persons found a job in the last year.
Correct Answer:
Verified
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A) more likely
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Q26: The unemployment rate may:
A) understate the effect
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Q31: The labor force participation rate:
A)is measured by
Q34: Economists report changes in unemployment in:
A)percentage points,not
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A)is
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