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The Table Below Shows Data Regarding Germany's Labor Market

question 247

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The table below shows data regarding Germany's labor market. The table below shows data regarding Germany's labor market.   The data show that Germany's labor force participation rate is ________ in 2007. A)  80 percent B)  47.5 percent C)  67 percent D)  78 percent The data show that Germany's labor force participation rate is ________ in 2007.


Definitions:

Surplus

The situation in which the quantity of a good supplied is greater than the quantity demanded at the current price.

Price Ceiling

A legally imposed maximum price on goods or services, intended to prevent prices from rising too high.

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Price Ceiling

A legal maximum price that can be charged for a good or service, above which it cannot be sold.

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