The unemployment rate is (a) the ratio of the number of unemployed to the total
ID: 2507326 • Letter: T
Question
The unemployment rate is
(a) the ratio of the number of unemployed to the total number of people in the labor force.
(b) the difference between the number of people in the labor force & number employed.
(c) the ratio of those unemployed to those employed.
(d) the ratio of the number of people unemployed to the total number in the population
If the number of people classified as unemployed is 60,000 and the number of people classified as employed is 440,000, what is the unemployment rate?
(a) .8%
(b) 12.0%
(c) 9.2%
(d) 8.0%
The required reserve ratio is 25%. If a new deposit of $2000 is made, the maximum monetary expansion is
(a) $2,000.
(b) $5,000.
(c) $4,000.
(d) $6,000
Explanation / Answer
(d) the ratio of the number of people unemployed to the total number in the population
Q2.b)12%
Q3.b)$5000
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