What's is the unemplyment rate?
The unemployment rate soared from a 50-year low of 3.5 percent to 14.8 percent in April 2021 at the beginning of the CVID-19 pandemic, and then fell faster than many forecasters anticipated, to 6.3 percent in January 2021
The employment rate is_____percent
The employment-population ratio represents the proportion of the civilian non-institutional population that is employed. In 2021, the U.S. employment rate stood at 56.8 percent.
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Answer:
- The richest quintile has the ability to save a larger percentage of its income.
- Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.
Explanation:
First part of this question reads:
In the United States, the richest quintile of the population receives 13 times as much income as the poorest quintile. However, the richest quintile only spends 4 times as much as the poorest quintile.
The richest quantile can afford to save more than the poorest quantile because they get enough income to manage their daily needs and then save. The poorest quantile on the other hand face a daily struggle and so have to spend all or most of their income to survive.
When the richer quantile goes through temporary fluctuations, they maintain moderate spending because they know it is temporary and so they keep saving. This is not the case for the poorer quantiles who have to spend according to their income - regardless of its fluctuating - to survive.
Answer:
D. differentiated products
Explanation:
Monopolistic competition refers to a kind of imperfect competition where there are may producers that sells differentiated goods that are therefore not perfect substitutes.
Perfect competition is where there are many producers that sell homogeneous or identical goods that are perfect substitutes.
Therefore, monopolistic competition is different from perfect competition because of differentiated products.
