The Bureau of Labor Statistics Reported in 2005 That There

question 509

Multiple Choice

The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people over age 25 whose highest level of education was a high school degree or equivalent, 36.40 million of whom were employed and 1.93 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

• A) 60.7% and 3.2%
• B) 60.7% and 5.0%
• C) 63.9% and 3.2%
• D) 63.9% and 5.0%

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Definitions:

Placebo Effect

Experimental results caused by expectations alone; any effect on behavior caused by the administration of an inert substance or condition, which the recipient assumes is an active agent.

Overconfidence

The tendency to be more confident than correct—to overestimate the accuracy of our beliefs and judgments.

Illusory Correlation

The perception of a relationship where none exists.

Space Study Time

The planned and structured periods dedicated to the study and exploration of outer space.