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Worksheets2ND YR. LEVEL - DIFFICULT ROUND
Total questions: 5
Worksheet time: 25mins
Assuming that the total population is 700 million and 15 million are unemployed, 1 million people are discouraged, and 110 million people are employed. How many are in the Labor Force?
110M
125M
700M
126M
Given the demand function Qd = 450 - 2P and a supply function Qs = -180 + 3P, how much will be the quantity supplied if the price increases by 4?
198
210
168
710
Since the pandemic started, a lot of workers have been retrenched and only few were retained. Assuming the Number of Unemployed Workers is at 870,000, and the Number of Employed Workers is 550,800, What is the current Unemployment Rate (UeR)??
71.32%
Cannot be determined
61.29%
63.28%
Calculate exports by taking the following data into account:
Government purchases - 60
Investment - 40
Imports - 150
Savings - 30
Taxes - 80
Consumption - 240
110
159
111
160
Calculate GDP:
Consumption - 310
Investment - 115
Government purchases - 60
Exports - 305
Imports - 245
454
545
654
546
