The Bureau of Labor Statistics Classifies People Who Would Like

question 161

Multiple Choice

The Bureau of Labor Statistics classifies people who would like to work but have given up looking for a job as

• A)unemployed.If they were classified as out of the labor force,the reported unemployment rate would be larger.
• B)unemployed.If they were classified as out of the labor force,the reported unemployment rate would be smaller.
• C)out of the labor force.If they were classified as unemployed,the reported unemployment rate would be larger.
• D)out of the labor force.If they were classified as unemployed,the reported unemployment rate would be smaller.

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Definitions:

Return to Risk Ratio

A measure that compares the expected returns of an investment to the risk or volatility associated with it.

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to follow or track the components of a market index, like the S&P 500.

PHStat

PHStat is a software program used for statistical analysis, particularly in conjunction with Microsoft Excel.

Variance

A measure of the dispersion or spread of a set of values, calculated as the average of the squared differences from the mean.