In June 2009 the Bureau of Labor Statistics Reported an Adult

question 59

Multiple Choice

In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million,unemployment of 12.4 million,and employment of 141.6 million.Based on these numbers the labor-force participation rate was

• A)154/234.9.
• B)141.6/234.9.
• C)141.6/154.
• D)None of the above is correct.

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Definitions:

Discount Rate

An interest rate that the Federal Reserve charges banks for short-term loans, influencing economic activity by setting the cost of borrowing money.

Cash Discounts

A reduction in the invoice price offered by sellers to buyers for prompt payment of their bill.

Interest Days

The number of days over which interest is calculated on a loan or investment.

Non-Interest-Bearing Note

A financial instrument that does not accrue interest over time, meaning the borrower pays back only the principal amount borrowed.