There Have Been Major Changes in the Structure of Work

question 17

Essay

There have been major changes in the structure of work in America,as,for example,some jobs increase in number while others decrease their share of the labor force.Describe these changes.How do they affect the opportunities available in the United States?

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Definitions:

Bond

A fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental) which pays periodic interest payments and the return of the principal at maturity.

Risk Premiums

The extra return or premium demanded by investors for holding riskier assets, above the risk-free rate.

Nominal Risk-Free Rate

The rate of return on an investment with no risk of financial loss, not adjusted for inflation.

Yield Curve

A curve representing the yields of bonds with the same creditworthiness but varying expiration dates, measured at a specific moment.