Because Fewer People Are Now Needed to Perform an Average

question 26

True/False

Because fewer people are now needed to perform an average job, it is said that the information technology revolution has played an important role in slowing down productivity in the United States.

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Definitions:

Accrued Interest

The amount of interest that has accumulated on a bond or loan but has not yet been paid by the borrower.

Inverse Floaters

Bonds that have coupon rates that move inversely to some reference rate, typically a short-term interest rate.

Coupon Rates

The annual interest rate paid on a bond, expressed as a percentage of the face value.

Interest Rates

The charge, as a percentage of the principal sum, levied by a lender on a borrower for asset usage.