The Bureau of Labor Statistics Reported in 2005 That There

question 270

Multiple Choice

The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people over age 25 who had no high school degree or its equivalent,11.73 million of whom were employed and 1.04 million of whom were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

• A) 41.6% and 3.7%
• B) 41.6% and 8.1%
• C) 45.3% and 3.7%
• D) 45.3% and 8.1%

---

Definitions:

Insurance Company

A financial institution that provides a range of insurance policies to protect individuals and businesses against various risks.

Mutual Fund

is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

Equity-Financed

A method of funding in which a company raises capital through the sale of its own equity rather than borrowing money.

Stock Market Irrationality

The phenomenon of stock prices being influenced by emotional, psychological, or unrelated economic factors, contradicting efficient market theory.