If You Hear That Unemployment Increased in the Last Year

question 1

Multiple Choice

If you hear that unemployment increased in the last year by 3.5 percentage points to 8 %it means:

• A) 35 out of every 100 people lost their job in the last year.
• B) 35 out of every 1,000 people lost their job in the last year.
• C) 8 out of every 1,000 people who want a job can't find one.
• D) 80 out of every 100 people who want a job can't find one.

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Definitions:

Target Customers

A specific group of consumers at whom a company aims its products and services, identified by characteristics like age, gender, income, and interests.

Demographics

The statistical characteristics of human populations, such as age, gender, income, and education, used especially to identify consumer markets.

Tapestry Analysis

A method of consumer segmentation that uses demographic and geographic data to identify, understand, and target specific consumer groups based on their behaviors, preferences, and needs.

Upper-Income

Refers to individuals or households that earn more than the average income level, often associated with higher purchasing power and consumption patterns.