Unemployment Statistics in Australia Generally Show That

question 116

Multiple Choice

Unemployment statistics in Australia generally show that:

• A) all age groups have roughly the same unemployment rate.
• B) women have a higher rate of unemployment than men.
• C) those aged 55 and over have a disproportionately large unemployment rate.
• D) those aged 15-19 have the highest rate of unemployment of any demographic group.

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Definitions:

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, where the amount of the interest is calculated monthly and then added to the sum, causing interest on interest.

Compounded Semi-Annually

The process of applying interest to an initial amount and to the accumulated interest over two periods within a year.

EAR

Effective Annual Rate, which measures the real return on an investment or the real interest rate on a loan, accounting for the effect of compounding.