In 2001,____ of Americans in the 25-29 Age Group Had

question 61

Multiple Choice

In 2001,____ of Americans in the 25-29 age group had completed high school.

• A)58 per cent
• B)68 per cent
• C)78 per cent
• D)88 per cent
• E)98 per cent

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Definitions:

Frictional Unemployment

Short-term unemployment that arises from the process of matching workers with jobs and occurs even in healthy economies.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently than with individual craftsmanship.

Cyclically Unemployed

Individuals who are unemployed due to the downturn in the business cycle, such as during a recession.

Structurally Unemployed

Individuals who are unemployed due to a mismatch between their skills and the requirements of the current job market, often because of technological changes or shifts in the economy.