If the Number of People Classified as Unemployed Is 20,000

question 209

Multiple Choice

If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 400,000, what is the unemployment rate?

• A) 2.0%
• B) 4.8%
• C) 5.0%
• D) 9.2%

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Definitions:

Short-term Speculation

The practice of buying and selling securities, commodities, or other financial instruments with the aim of profiting from price fluctuations over a short period.

Purchase

This term relates to the process of acquiring goods or services in exchange for money, encompassing a wide range of consumer and business transactions.

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, not yet realized through selling.

Realized Gain

The profit made from the sale of an asset or investment which has been sold for more than its purchase price.