Suppose the number of people employed is 25 million and the number of people in the labour force is 75 million. What is the employment- to- population ratio?
A) 75 per cent
B) 33 per cent
C) 25 per cent
D) There is not enough information given to answer the question.
Correct Answer:
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Q11: A recession causes a decrease in the
Q12: Hyperinflation is defined as
A)very low inflation rates.
B)declining
Q13: Suppose that the price level was 100
Q14: If the price levels for the last
Q15: The labour force is defined as the
Q17: If this year's price level is 126
Q18: Which of the following most likely would
Q19: Cyclical unemployment occurs when
A)a business cycle recession
Q20: An unemployment rate of zero per cent
Q21: Unemployment that is the result of recessions
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