1.The consumer price index is
A.not very useful as a measure of the cost of living.
B.a perfect measure of the cost of living.
C.a useful measure, but not a perfect measure, of the cost of living.
D.not used as a measure of the cost of living.
2.Thomas Publishing has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, and a dividend yield of 1 percent. It has a price to earnings ratio which is
A.high, perhaps indicating that people expect future earnings to rise.
B.high, perhaps indicating that people expect future earnings to fall.
C.low, perhaps indicating that people expect future earnings to rise.
D.low, perhaps indicating that people expect future earnings to rise.
3.The BLS reported in 2005 that there were 59.98 million people over age 25 whose highest level of education was a high school degree or equivalent. From this group 36.40 million were employed and 1.93 million were unemployed. About what were the labor-force participation rate and the unemployment rate for this group?
A.60.7%, 5.0%
B.63.9%, 5.0%
C.60.7%, 3.2%
D.63.9%, 3.2%
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