Assume There Are 450 Million People in the United States

question 55

Multiple Choice

Assume there are 450 million people in the United States, 165 million of which make up the labor force. If 18 million are unemployed, what is the unemployment rate?

• A)8.35%
• B)9.58%
• C)10.91%
• D)11.05%
• E)11.74%

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Definitions:

Rights Offer

A financial offering in which shareholders are given the right to purchase additional shares directly from the company at a discount before the new shares are offered to the public.

Existing Shareholders

Individuals or entities that currently own shares in a company and have an interest in its performance.

Firm Commitment

A commitment by an underwriter to buy all the unsold shares in an issue and sell them to the public, taking on the full risk of the sale.

Firm Commitment Underwriting

An agreement in which an underwriter commits to buying all the securities offered by the issuer and selling them to investors, taking on the full risk of selling the securities.