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Refer to the scenario to answer the following questions.A government worker surveys a number of households and comes up with the following information: there were a total of 100 people in the households, 10 of the people were children under 16, 60 people had full-time jobs, 10 people had part-time jobs, 5 were stay-at-home parents, 10 were full-time students over the age of 16, and 5 people had no job but were looking for jobs. According to the information in the survey, the number of people in the work-eligible population is

When you include discouraged workers and unemployed workers in calculations of the unemployment rate

Which type of unemployment can be negative?

Suppose the government reduces the number of weeks a worker who becomes unemployedcan collect unemployment insurance payments. All else the same, we would expect ________ unemployment to ________.

What is the difference between the consumer price index (CPI) and the gross domestic product (GDP) deflator?

Inflation can create uncertainty by making

Residents of poor countries tend to have fewer automobiles per capita because

From 2009 to 2010, nominal gross domestic product (GDP) in the United States grew by 3.8 percent. Given that prices increased by 1 percent and the population grew by 1 percent, we know that per capita real GDP grew by

If mustard now costs $0.75 when today’s price index is 225, and if the price index in 1970 was 38, we would most accurately say that

An unemployment rate that is above the natural rate indicates ________ unemployment, and we say that the economy is producing at ________ output level.