In an Economy with a Population of 100 Million Persons,42

question 100

Multiple Choice

In an economy with a population of 100 million persons,42 million hold civilian jobs and 6 million are not working but are looking for jobs.The number counted as unemployed is

• A) 48 million.
• B) 6 million.
• C) 36 million.
• D) 52 million.
• E) 58 million.

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Definitions:

Equivalent Cash Value

The cash amount equivalent to the value of a non-cash item, often used in contexts like insurance settlements or lottery winnings.

Monthly Payment

The specific amount of money paid each month, typically in the context of loans or leases.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied twice a year.

Amortization Period

Refers to the total time taken to pay off a debt in regular installments until the loan amount and interest are paid in full.