Which of the Following Statements Is the Only One That

question 67

Multiple Choice

Which of the following statements is the only one that could possibly be true about the figure below?

• A)Series X is the labor force participation rate,and series Y is the employment-to-population ratio.
• B)Series X is the employment-to-population ratio,and series Y is the labor force participation rate.
• C)Series X is the labor force participation rate,and series Y is the unemployment rate.
• D)Series X is the employment-to-population ratio,and series Y is the unemployment rate.
• E)Series X is the unemployment rate,and series Y is the labor force participation rate.

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Definitions:

CPI

It calculates the mean fluctuation in prices for a variety of consumer items and services that urban dwellers purchase, known as the Consumer Price Index.

Price of Oil

The cost per barrel of crude oil as determined by global markets, influenced by factors like supply, demand, geopolitical events, and market speculation.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy.