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Which one of the following is not a measure of the price​ level?A.Government Price​ Index: an average of the prices paid by the government for goods and services used only by different government agencies.B.GDP​ Deflator: broadest measure of the average price level as it includes prices of every final good and service.C.Consumer Price​ Index: an average of the prices of goods and services a typical family of four would purchase.D.Producer Price​ Index: an average of prices received by firms for goods and services at all stages of production.

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Why would we expect firms in the informal sector to be so much smaller than firms in the formal​ sector?A.Workers in the informal sector earn higher wages than those in the formal sector.B.Firms in the informal sector rely more on machinery to produce their goods and services than those in the formal sector.C.Because these firms are operating​ illegally, they earn higher profits than firms operating​ legally, which allows them to remain small.D.Because firms in the informal sector are operating​ illegally, they have less capital than firms operating legally.

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

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