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Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired orhomemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal

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Relative to the household​ survey, which of the following is a strength of the establishment​ survey?A.The establishment survey provides better information on the number of persons​ self-employed than the household survey.B.The establishment survey is determined by actual​ payrolls, rather than by the unverified answers of the household survey.C.The establishment survey provides information on​ unemployment, which the household survey does not provide.D.All of the above.

Which of the following demographic groups has a higher rate of unemployment than the unemployment rate for the total​ population?A.whitesB.college graduatesC.asiansD.high school dropouts

When a significant fraction of domestic production takes place in​ foreign-owned facilities, a​ country's difference between GDP and GNP is as​ follows:A.GNP will be a more accurate measure of the level of production within the​ country's borders.B.GDP will be much larger than GNP.C.GNP will be much larger than GDP.D.GNP will be almost identical to GDP.

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