Full employment is A. the unemployment level when the normal friction in the eco
ID: 1163675 • Letter: F
Question
Full employment is
A.
the unemployment level when the normal friction in the economy is taken in account.
B.
zero unemployment.
C.
when the unemployment level is reduced to the goal set by Congress.
D.
when all adults looking for work can find full time occupation.
Year
Current Widget Price
Base Widget Price
1
?$0.75
?$0.75
2
1.35
0.75
3
1.60
0.75
4
2.10
0.75
According to the above? table, in Year? 3, the price index for widgets is
A.
46.9.
B.
100.
C.
180.
D.
213.3.
Year
Current Widget Price
Base Widget Price
1
?$0.75
?$0.75
2
1.35
0.75
3
1.60
0.75
4
2.10
0.75
Explanation / Answer
Full employment is when all adults looking for work can find full time occupation.
Price Index for widgets = (Current Price* 100) / Base Price = 160/0.75 = 213.33. Hence option D.
Please like my answer and give a thumbs up.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.