• 2022-06-03
    In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time workers would prefer full-time work. What is the unemployment rate?
    A: 23.2 percent
    B: 6.7 percent
    C: 8 percent
    D: 25 percent
  • C
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    • 0

      In which of the following situations would you prefer to be making a loan? A: The interest rate is 9 percent and the expected inflation rate is 7 percent. B: The interest rate is 4 percent and the expected inflation rate is 1 percent. C: The interest rate is 13 percent and the expected inflation rate is 15 percent. D: The interest rate is 25 percent and the expected inflation rate is 50 percent.

    • 1

      The replacement ratio is A: the reservation wage divided by the wage rate offered on a new job B: the reduction in real GDP caused by a 1 percent reduction in unemployment benefits C: after-tax income while unemployed divided by after-tax income while employed D: the wage rate offered on a new job divided by unemployment benefits E: the increase in the unemployment rate caused by a 1 percent increase in the inflation rate

    • 2

      The duration of a ten - year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. What happens to the price of the bond if the interest rate falls to 8 percent?

    • 3

      An engine converts 5,000 J of thermal energy into 2,500 J of work. What is the efficiency of the engine? A: 10 percent B: 20 percent C: 50 percent D: 100 percent

    • 4

      the number in full-time employment fell by 2 million, the number of people in part-time work doubled to over 4 million.