Which of the following is a member of the labor force?
|
A person who does volunteer work for the Salvation Army |
||
|
A college student who is not working because of a scholarship |
||
|
A major league baseball player |
||
|
A retired doctor |
Considering the long-term trend over time, U.S. real GDP has increased:
|
By small, constant increments. |
||
|
At a constant geometric rate. |
||
|
At an average rate of 3 percent per year. |
||
|
At an average rate of 7 percent per year. |
Classical economists believed in:
|
The use of fiscal policy. |
||
|
The use of monetary policy. |
||
|
An inherently stable, self-correcting, economy. |
||
|
A market intervention approach. |
1.A major league baseball player is a part of labour force.
Answer-Third option
2.US GDP has been increasing at an average rate of 3% per year.
Answer-Third option.
3.Classical economists believed that market is self correction and there should be no intervention in the market.
Answer-Third option
Which of the following is a member of the labor force? A person who does volunteer...