<span>Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are </span><span>complements in production; by-products. C</span>eteris Paribus<span> is a Latin phrase meaning "all other things remaining equal". It is commonly used in economics. </span>
Answer:
Rate of unemployment will be 25 %
So option (b) will be correct option
Explanation:
We have given that the number of unemployed person = 8 million
And number of person who are employed = 24 million
So total number of person who are employed and unemployed = 24 +8 = 32 million
We have to find the rate of unemployment
Rate of unemployment is given by the ratio of unemployed person to the sum of employed and unemployed
So rate of unemployment
= 25 %
So option (b) is correct option
Answer:
According to the information in the text, the US GDP would be $500, because GDP only accounts for all the goods and services produced within the country, or under the income approach, for all the forms of income (rent, dividends, wages) earned by nationals or foreigners in domestic soil.
In this case, the Mexican citizen working in the US and earning $500 adds the same amount to US GDP of that year regardless of his nationality.
The answer would be when Firm Purchase Resources hope this helps