In 2009, Based on Concepts Similar to Those Used to Estimate

question 369

Multiple Choice

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Italian adult non- institutionalized population was 51.070 million, the labor force was 24.710 million, and the number of people employed was 22.765 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about

• A) 48.4% and 7.9%.
• B) 48.4% and 3.8%.
• C) 44.6% and 7.9%
• D) 44.6% and 3.8%

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Definitions:

Future Value

The value of an investment at a specific date in the future, accounting for factors like interest rates and time.

Effective Rate of Interest

The actual interest rate earned or paid on an investment or loan, considering the effects of compounding.

Rent-to-own Transaction

A leasing agreement that includes a clause allowing the lessee to purchase the leased item at the end of the lease term.

Cash Price

This refers to the actual amount of money that must be paid to purchase a good or service without financing.