Question 9 Which of the following is an example of a positive economic statement?O The unemployment rate should be measured differently because it doesn't include students who can't findjobs.The unemployment rate last month was 5.4 percent.O Because of the high unemployment rate last month the government should increase government spending.O The unemployment rate last month was too high.

In economics, positive economic statements are those statements that are based on facts and are…

Which of the following is an example of a positive economic statement? O The unemployment rate should be measured differently because it doesn't include students who can't find jobs. O The unemployment rate last month was 5.4 percent. O Because of the high unemployment rate last month the government should increase government spending. The unemployment rate last month was too high.

Which of the following is an example of a positive economic statement? O The unemployment rate should be measured differently because it doesn't include students who can't find jobs. O The unemployment rate last month was 5.4 percent. O Because of the high unemployment rate last month the government should increase government spending. The unemployment rate last month was too high.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent.a. What is the size of the labor force?b. How many people are unemployed?c. What is the size of the working-age population?
Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?
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