The Table Below Shows Data Regarding Germany?s Labor Market The Data Show That Germany?s Unemployment Rate in 2007 Was

question 377

Multiple Choice

The table below shows data regarding Germany?s labor market. $$\begin{array} { | c | l | c | l | } \hline \text { Year } & \begin{array}{c}\text { Labor Force } \\\text { (millions) }\end{array} & \begin{array}{c}\text { Number of } \\\text { Employed } \\\text { (millions) }\end{array} & \begin{array}{c}\text { Population } \\\text { (millions) }\end{array} \\\hline 2006 & 43.7 & 39.01 & 82.3 \\\hline 2007 & 43.7 & 39.06 & 82.2 \\\hline 2008 & 43.6 & 39.8 & 82.1 \\\hline\end{array}$$ The data show that Germany?s unemployment rate in 2007 was

• A) 9.8 percent.
• B) 5.6 percent
• C) 8.4 percent
• D) More information is needed to answer this question.

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Definitions:

Higher Interest Rates

An increase in the cost of borrowing money, often used by central banks to control inflation and stabilize the currency.

1970s

The decade extending from January 1, 1970, to December 31, 1979, noted for significant political, social, and economic events worldwide.

Open-market Operations

Central bank activities involving the buying and selling of government securities in the open market to control the money supply and interest rates.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to fund federal government spending.