Use the Data Below to Answer the Following Question

question 13

Multiple Choice

Use the data below to answer the following question.
Table 8-1

-Refer to Table 8-1.The figures above (in millions) are for the United States in 2003.The U.S.rates of labor force participation and unemployment equaled what percentages?

• A)the labor force participation rate = 62.3 percent;unemployment rate = 6 percent
• B)the labor force participation rate = 62.3 percent;unemployment rate = 6.4 percent
• C)the labor force participation rate = 66.2 percent;unemployment rate = 6 percent
• D)the labor force participation rate = 66.2 percent;unemployment rate = 6.4 percent

---

Definitions:

Real Estate

Pertains to land and any permanent structures or improvements attached to it, such as buildings, houses, and other property types.

Federal Funds Market

A market for overnight lending and borrowing of reserves among banks; the interbank market for reserves on account at the Fed.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by regulatory bodies.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance federal government spending.