Suppose in a Given Month the Flow Out of Unemployment

question 67

Multiple Choice

Suppose in a given month the flow out of unemployment equals 300 000 per month,and the flow into unemployment equals 330 000 per month.The rate of unemployment has

• A)increased by 30 000.
• B)decreased by 30 000.
• C)increased by 10%.
• D)decreased by 10%.
• E)Not enough information to determine.

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Definitions:

Mean

The arithmetic average of a set of numbers, obtained by adding them together and dividing by the count of those numbers.

Correlation Coefficients

Statistical measures that describe the strength and direction of the relationship between two variables.

Relationship

refers to a connection, association, or involvement between two or more individuals, groups, or entities.

Scatterplot

A graphical representation used to display values for two variables for a set of data, showing how much one variable is affected by another.