26.
Correct Answer:
C
Working note:
In year 4, total employed workers = 113*.769*(1-7%)
In year 4, total employed workers = 80.81 Million
Now,
Percentage change in per capital income = ((1035/113) - (1030/112))/(1030/112)
Percentage change in per capital income = -.40%
So, correct alternative is C.
=======
27.
Correct Answer:
B
Working note:
As per the alternative B,
Inflation rate between year 2 and 3 = (128-120)/120 = 6.67%
Inflation rate between year 1 and 2 = (120 - 110)/110 = 9.09%
So, alternative B is consistent with the given scenario.
Table 23.1: Real GDP, Population and the Civilian Labor Force Statistics Labor Force | Real GDP...
Question 19 4 pts Exhibit 6-2 Civilian Civilian Employed Noninstitutional Year Labor Force Persons Population (millions) (millions) (millions) 250 200 175 400 2 300 200 400 3 500 350 720 4 1000 800 Refer to Exhibit 6-2. The unemployment rate in year 3 is O 33 1/3 percent. O 121/2 percent. 50 percent. O 25 percent. O 66 2/3 percent.
Exhibit 6-2 Civilian Civilian Employed Noninstitutional Labor Force Persons Year Population (millions) (millions) (millions) 1 250 200 175 2 400 300 200 3 500 400 350 4 1000 800 720 Refer to Exhibit 6-2. The employment rate in year 2 is a) 12 1/2 percent. b) 75 percent. c) 87 1/2 percent. d) 30 percent. e) 50 percent.
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