If the Unemployment Rate Is 5

question 107

Multiple Choice

If the unemployment rate is 5.8 percent and the number of unemployed persons is 15 million,the number of people who are employed is approximately

• A) 258 million.
• B) 244 million.
• C) 87 million.
• D) 870 million.
• E) 2.6 million.

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Definitions:

Periodic Payment

Payments that are made regularly at set intervals, such as monthly or annually, often seen in loans and annuities.

Ordinary Annuity

A pattern of comparable payouts at the conclusion of adjacent periods within a set term.

Periodic Payment

Regular payments made over a prescribed time frame, often related to loans or annuities.

Ordinary Annuity

An annuity in which payments are made at the end of each period, such as monthly or annually.