Suppose the Size of the Labor Force and Unemployment Rate

question 11

Multiple Choice

Suppose the size of the labor force and unemployment rate across countries in 2001 are given in the following table.What is the intercept coefficient estimate a of the regression of the unemployment rate as a function of the labor force?

• A) 6.
• B) 8.
• C) 10.
• D) 12.
• E) 14.

---

Definitions:

Trade Wars

Economic conflicts between countries characterized by increasing tariffs or other trade barriers on each other's goods.

Members

Individuals who belong to a group, organization, or a community, sharing common interests or goals.

Legal Scholars

Experts or academics specializing in the study, interpretation, and teaching of law.

Euro

The official currency of the eurozone, which is used by 19 of the 27 European Union countries, and is one of the world's major currencies.