Use the Following to Answer Questions

question 113

Multiple Choice

Use the following to answer questions :
Figure: Actual and Natural Rates of Unemployment
-(Figure: Actual and Natural Rates of Unemployment) Look at the figure Actual and Natural Rates of Unemployment. In 2014, the natural unemployment rate was approximately:

• A)zero.
• B)3%.
• C)5.5%.
• D)9%.

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Definitions:

Ordinary Annuity

Definition: An annuity for which the payment or receipt of funds happens at the end of each period.

Compounded Monthly

A method of calculating interest where the accrued interest is added to the principal sum each month, resulting in 'interest on interest.'

Compounded Monthly

Interest on a deposit or loan is calculated each month and added to the principal, increasing the amount on which future interest is computed.

Mortgage Loan

A loan used to purchase a real estate property, secured by the property itself.