Table 15-5
2010 Labor Data for Tajnia -Refer to Table 15-5

question 447

True/False

Table 15-5
2010 Labor Data for Tajnia
$$\begin{array} { | l | l | } \hline \text { Number of adiults employed } & 10,000 \\\hline \text { Number of adults unemployed } & 2,250 \\\hline \text { Number of atults not in the labar force } & 17,750 \\\hline\end{array}$$
-Refer to Table 15-5. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

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Definitions:

Unemployment

The situation where individuals who are able and willing to work are unable to find a job, expressed as a percentage of the labor force.

Real Rate of Interest

The rate of interest an investor expects to receive after allowing for inflation, distinguishing from the nominal rate of interest, which does not account for inflation.

Deflation

A decrease in the general price level of goods and services in an economy over a period.

CPI

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.