Answer:
The correct answer is option C.
Explanation:
Forecast is the prediction of future values of a time series.
Forecast in literal sense means prediction or estimate.
Forecast is based on the examination of a systematic data in time series, which reflects some past behavior and future predictions are made on the basis of that.
Time series can be described as the sequence of observations regarding a variable which is recorded over a certain time period.
Answer:
C. 13.7
Explanation:
First, we look for the unemployees who seek and want a job
100 people
-10 U-16
-10 retired
-63 employeed
- 7 unemployeed but not seeking for job
10 unemployeed who wants and seeks for a job.
<em>unemployement rate: unemployes / labor force </em>
<u>where:</u>
labor force = employees + unemployees
10 + 63 = 73
unemployement rate = 10/73 = 0.136986 = 0.137
Answer:
A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.
Explanation:
The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.
