Answer both parts A and B a) If the number of unemployed equals 10,000, the number of emploved b) In 2018, GM produced 30 cars, of which 25 were sold in 2018 and 5 were added to its equals 70,000, and the number not in the labor force is 20,000, the labor-force participation rate is O 90% O 80% O 70% O 60% inventories. The market value of the cars in 2018 was $10,000 per unit. What is the value of GM's output that will be included in the 2018 GDP? O $250,000 o $50,000 O 300,000 O $350,000

Answer both parts A and B a) If the number of unemployed equals 10,000, the number of emploved b) In 2018, GM produced 30 cars, of which 25 were sold in 2018 and 5 were added to its equals 70,000, and the number not in the labor force is 20,000, the labor-force participation rate is O 90% O 80% O 70% O 60% inventories. The market value of the cars in 2018 was $10,000 per unit. What is the value of GM's output that will be included in the 2018 GDP? O $250,000 o $50,000 O 300,000 O $350,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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