Refer to the Following Table All of the Following Mathematical Calculations Are Correct

question 131

Multiple Choice

Refer to the following table. $$\begin{array} { | l | r | } \hline \text { Status } & \text { Person } \\\hline \text { Employed } & 11000 \\\hline \text { Unemployed } & 500 \\\hline \text { Population } & 22000 \\\hline\end{array}$$ All of the following mathematical calculations are correct.The unemployment rate is approximately

• A) (500/11 000) × 100 = 4.55%.
• B) (500/22 000) × 100 = 2.27%.
• C) (500/10 400) × 100 = 4.81%.
• D) (500/11 500) × 100 = 4.34%.

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Definitions:

Loanable Funds

The money available in the financial system for lending to individuals, businesses, and the government.

Equilibrium Interest Rate

The interest rate at which the demand for funds equals the supply of funds in the market, bringing the financial market into balance.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing and able to sell, generally depicted as upward sloping.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.