Suppose That Over the Course of a Year 100 People

question 89

Multiple Choice

Suppose that over the course of a year 100 people are unemployed for four weeks each (the short-term unemployed) , while 10 people are unemployed for 52 weeks each (the long-term unemployed) . Approximately what percentage of the total weeks of unemployment were attributable to the long-term unemployed?

• A)9 percent
• B)10 percent
• C)43.5 percent
• D)56.5 percent

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Definitions:

Preferred Shares

Type of stock that grants holders priority for dividends over common stockholders and rights to assets in the event of liquidation.

Winding Up

The process of dissolving a business by disposing of its assets, paying off creditors, and distributing any remaining assets to shareholders or owners.

Chartered Bank

A financial institution that has been established and operates under a charter granted by the government, offering a range of banking services.

Partnership

A form of business legally organized by multiple individuals who participate in managing the enterprise and dividing its earnings.