When the Growth Rate of the Labour Force Is Greater

question 25

Multiple Choice

When the growth rate of the labour force is greater than the growth rate of total employment,the unemployment rate

• A)decreases.
• B)increases.
• C)is below NAIRU.
• D)is above NAIRU.
• E)is equal to NAIRU.

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Definitions:

Illegal Drugs

Substances whose production, sale, or possession are prohibited by law.

Price Index

A statistical measure that shows changes in the cost of acquiring a specific basket of goods and services over time.

Underground Economy

Economic activity that occurs outside of government regulation and taxation, including both illegal activities and unreported income from legal sources.

Gross Domestic Product

The collective market or monetary value of all final products and services created within a nation's territory in a specific duration.