Multiple Choice
Suppose a country has 1 billion people.75 percent of its citizens are in the labor force,with 90 million unemployed.Full employment occurs at 2 percent.Based on this information,by what percentage has real output failed to reach its potential according to the revised Okun's Law?
A) 2 percent.
B) 10 percent.
C) 12 percent.
D) 24 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Q137: Outsourcing is the<br>A)Unemployment that is inevitable when
Q138: Which of the following is considered a
Q139: The labor force participation rate is the
Q140: What was the unemployment rate in
Q141: Which of the following is included in
Q142: When an economy enters a recession,the<br>A)Duration of
Q143: The proportion of the labor force that
Q145: Most household and volunteer workers are not
Q146: If workers do not have the skills
Q147: If there is a prolonged recession and,at