The labor force is defined as
A) all people aged 16 and over and not institutionalized.
B) the entire population.
C) those people employed and unemployed.
D) only those people with jobs.
Correct Answer:
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Q1: In the United States,over time GDP
A) stays
Q2: A significant decline in activity spread across
Q3: The difference between nominal GDP and real
Q4: The circular flow model shows that GDP
Q5: Comparing the unemployment rate and the business
Q7: In the United States over the past
Q8: At full employment,
A) real GDP equals potential
Q9: The accumulated loss of output that results
Q10: GDP is defined as
A) gross demanded prices.
B)
Q11: In the expenditure approach to measuring GDP,the
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