Which of the Following Best Defines Gross Job Creation

question 8

Multiple Choice

Which of the following best defines gross job creation?

• A) the number of jobs created by new firms less jobs lost in established firms in a given year
• B) the sum of the increase in the number of jobs across all new and established firms in a given year
• C) the increase in the number of jobs created by new firms in a given year
• D) the increase in the number of jobs created by established firms in a given year

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Definitions:

Interest Rate

The cost incurred by a borrower, calculated as a percentage of the principal, for borrowing assets from a lender.

Loanable Funds

The money available in the financial system for lending to individuals and businesses, depending on the savings rate and monetary policies.

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied, balancing the savings and the demands for loans.

Interest Rates

The cost of borrowing money or the reward for saving, often expressed as a percentage of the principal amount.