Table 15-1
Labor Data for Aridia -Refer to Table 15-1

question 302

Multiple Choice

Table 15-1
Labor Data for Aridia
$$\begin{array} { | l | c | c | c | } \hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\\hline \text { Adult population } & 2000 & 3000 & 3200 \\\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \\\hline \text { Number of unemplayed } & 200 & 600 & 200 \\\hline\end{array}$$
-Refer to Table 15-1. The number of adults not in the labor force of Aridia

• A)increased from 2010 to 2011 and increased from 2011 to 2012.
• B)increased from 2010 to 2011 and decreased from 2011 to 2012.
• C)decreased from 2010 to 2011 and increased from 2011 to 2012.
• D)decreased from 2010 to 2011 and decreased from 2011 to 2012.

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Definitions:

Model Assumptions

Fundamental suppositions upon which economic models and theories are based to simplify reality and facilitate analysis.

Curve Shift

A change in the position of a curve on a graph, indicating a shift in the relationship between two variables.

Movement Along

Refers to a change in the quantity demanded or supplied of a good due to a change in its price, leading to movement along the demand or supply curve.

Federal Budget Deficit

The shortfall when the total government expenditures exceed its revenues in a fiscal year, requiring borrowing to cover the gap.