In Order to Obtain the Data Used to Calculate the Unemployment

question 72

Multiple Choice

In order to obtain the data used to calculate the unemployment rate, the Bureau of Labor Statistics

• A)adds the number of people collecting unemployment insurance from each state.
• B)adds together all the reports of layoffs from businesses.
• C)uses a survey from 60,000 households.
• D)adds the state unemployment claims reports.
• E)uses a survey from 160,000 firms.

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Definitions:

Spot Exchange Rate

The current exchange rate at which one currency can be immediately exchanged for another currency.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Spot Trade

A financial transaction for the immediate exchange of a commodity or currency at the current market price.

Absolute Purchasing Power Parity

Absolute Purchasing Power Parity is an economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust to equalize the price of identical goods in different countries.