If the Amount That an Employee Puts into a Pension

question 39

Multiple Choice

If the amount that an employee puts into a pension plan is specified,but the amount which is paid out in benefits is not,the employee is:

• A)enrolled in a defined benefit plan.
• B)enrolled in a defined welfare plan.
• C)eligible for Pension Benefit Guarantee Corporation protection.
• D)enrolled in a defined contribution plan.

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Definitions:

Discouraged Workers

Refers to individuals who have stopped looking for work because they believe no jobs are available for them.

Unemployment Rate

The part of the labor force comprising people who are not employed and are actively seeking jobs.

Unemployment Rate

The measure of the percentage of the labor force that is unemployed and actively looking for employment.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specified period.