Suppose There Are 10 Million in the Labour Force, and 600

question 23

Multiple Choice

Suppose there are 10 million in the labour force, and 600 000 unemployed people.During the next month, 20 000 people lose their jobs and 30 000 find jobs.The new total of employed persons is __________ and the new unemployment rate is ___________.(Assume there are no new entrants into the labour force.)

• A)10.1 million; 5.8 per cent
• B)10 million; 6.1 per cent
• C)9.41 million; 5.9 per cent
• D)9.39 million; 6.1 per cent

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Definitions:

SIPC

SIPC stands for the Securities Investor Protection Corporation, which is a nonprofit organization that insures investors' securities and cash in the event a brokerage firm goes bankrupt or faces financial difficulties.

Brokerage Firm

A company that acts as an intermediary between buyers and sellers of financial securities, providing investment services and advice.

Dark Pools

Private financial forums or exchanges for trading securities not accessible by the public.

Trading Volume

The total quantity of shares or contracts traded for a specified security within a specified timeframe.