Which of These Statements Is FALSE

question 43

Multiple Choice

Which of these statements is FALSE?

• A)The official average workweek for most Americans information workers greatly underestimates the hours they really work.
• B)If the Labor Department does not count the extra hours information workers put in on their laptops,cell phones,and personal digital assistants,it is overestimating productivity growth.
• C)In most economic sectors Americans are less productive than workers in other mature economies.
• D)Productivity growth in the U.S.has been constant since the mid-1990s.

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Definitions:

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified price.

Interest Accrual

The process by which interest is accumulated over time on borrowed funds, to be paid at a later date.

Redemption

The process of paying off or buying back a security, such as a bond, at its face value or at a specified price before maturity.

Effective-Interest Amortization

A method of calculating the amortized cost of a bond or loan based on the periodic interest rate applied to the carrying amount, resulting in an equal interest expense over the period.