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QUESTION

A government worker surveys a number of households and comes up with the following information:

A government worker surveys a number of households and comes up with the following information: there were a total of 90 people in the households, 10 of the people were children under 16, 10 of the people were retired but still capable of working, 35 people had full-time jobs, 5 had part-time jobs, 5 were stay-at-home parents, 5 were full-time students over the age of 16, 5 were disabled people who could not work, 10 people had no job but were looking for jobs, and there were 5 people who wanted a job but were not looking for a job.

According to the information in the survey, the number of people in the work-eligible population is

75.

65.

60.

50.

55.

The gross domestic product (GDP) deflator is a measure of

the growth rate of long-run trend GDP.

the growth rate of real GDP.

how much the economy contracts during a recession.

price level.

the growth rate of nominal GDP.

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