2. Given an example of decreasing marginal opportunity cost and explain.. 6. The

2. Given an example of decreasing marginal opportunity cost and explain..
6. The index of leading indicators has explained all past recessions. Nonetheless it is not especially useful for predicting recessions. Explain.
8. If unemployment rises by two percentage points what will likely happen to the output of the US?9. The Bureau of Labor Statistics reported that in January 2000 the total labor force was 140910000 of a possible 208782000 working-age adults. The total number of unemployed was 5689000. From this information calculate the following:
a. Labor force participation rate
b. Unemployment rate
c. Employment rate10. If you add all of the transactions in an economy do you arrive at GDP GNP or something else?