Examlex
Beyond age 17 or so, vocational choices tend to become ______ narrowed and ______ realistic.
Average Worker
The term "average worker" typically refers to a hypothetical or statistical individual whose job characteristics (wages, hours worked, skills) represent the mean or median of a larger group.
Business Cycle
The natural rise and fall of economic growth that occurs over time, marked by periods of expansion, peak, recession, and recovery.
Goods and Services
The physical objects (goods) and intangible benefits (services) that fulfill consumer needs and wants.
Unemployment Rate
The ratio of jobless individuals in the labor force who are not just unemployed but are actively pursuing employment opportunities.
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