Consider Two People Who Are Currently Out of Work

question 119

Multiple Choice

Consider two people who are currently out of work. Deb is not currently looking for work but would like a job. Although she is not currently searching for work, she has done so at some time in the recent past. Ted is not looking for work, because he doesn't think there are jobs available for which he would qualify. Who does Statistics Canada consider to be a discouraged worker?

• A)both Deb and Ted
• B)only Ted
• C)only Deb
• D)Neither Deb nor Ted

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Definitions:

Number of Periods

In finance, it refers to the total duration, measured in time units (such as years or months), over which payments or calculations are spread.

Compounded Semiannually

Refers to the process where interest is added to the principal balance of an investment, loan, or deposit twice a year, resulting in interest being earned on interest.

Future Value

The worth of a current asset or amount of money at a specified time in the future, accounting for specific interest or growth rates.

Future Value Table

A mathematical table used to calculate the future value of an investment or loan based on a specific interest rate and time period.