Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time workers, 1 million part-time workers, 1 million people who have been laid off by their employers but are currently looking for employment, 1 million children aged 15 years or younger, and 2 million housewives not looking for jobs.
-Refer to the scenario above.What is the number of employed workers in the economy?
A) 1 million
B) 2 million
C) 3 million
D) 4 million
Correct Answer:
Verified
Q22: The unemployment rate is defined as the
Q23: If the number of discouraged workers in
Q24: Which of the following statements correctly differentiates
Q25: If the number of employed workers in
Q26: The number of adults not in the
Q28: If the number of employed people in
Q29: In an economy,the number of potential workers
Q30: If there are 48 million people in
Q31: If the labor force participation rate in
Q32: Scenario: Suppose an economy consists of only
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents