Suppose the Bureau of Labor Statistics Interviews 196,700 People in Its

question 27

Multiple Choice

Suppose the Bureau of Labor Statistics interviews 196,700 people in its monthly survey;94,500 are not in the labor force,91,150 are employed,8,870 are unemployed,and 2,180 are in the armed forces.What is the unemployment rate the BLS announces?

• A)8.87 percent
• B)9.73 percent
• C)9.39 percent
• D)4.51 percent
• E)10.81 percent

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Definitions:

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or dividends.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or institutional investors for the first time.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Contract Rate

The agreed-upon price or interest rate outlined in a contract for services or loans.