Which of the Following Is True of the Trend in Union

question 72

Multiple Choice

Which of the following is true of the trend in union membership in the United States?

• A) Union membership as a percentage of civilian employment has risen significantly.
• B) Union membership is higher in the private sector than in the public sector.
• C) Since the 1980s, union membership among government workers has held steady, while declines have occurred in the private sector.
• D) Total union membership now stands at about 30 percent of all employment.
• E) The share of employees who belong to unions has increased marginally since the 1960s.

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Definitions:

Compound Value

The future value of an investment, including the principal and the compounded interest over time.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window. Alternatively, it can represent the rate used to discount future cash flows in present value calculations.

Present Value

The today's worth of future money or cash flow sequences, when a certain rate of return is applied.

Discount Rate

In finance, the discount rate is the interest rate used to determine the present value of future cash flows.