There Are a Total of 12,000 Students at a School

question 151

Multiple Choice

There are a total of 12,000 students at a school.Seventy percent of them go full time at 16 hours per term.Ten percent take a half-load of 8 hours per term,and twenty percent take a three- quarter load of 12 hours per term.What is the equivalent number of full-time students?

• A)12,000
• B)10,800
• C)8,400
• D)2,400

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Definitions:

Inflation Rates

An indicator of how quickly the overall price level for goods and services increases, leading to a decline in purchasing power.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, used as a key indicator of labor market health.

Natural Rate

often references the natural rate of unemployment, which is the level of unemployment consistent with sustaining a stable rate of inflation.

Short-run Phillips Curve

A curve depicting the inverse relationship between the rate of inflation and the unemployment rate in the short term, suggesting a trade-off between the two.