QUESTION 25
Jen finishes high school this year, and she has lined up a job that pays $31,384 per year for her whole (never-ending) career. The present value of her career wages evaluated at grade 0 (i.e., the year before she starts first grade) is ________ if the annual interest rate is 10 percent.
$50,000 |
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$100,000 |
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$150,000 |
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$200,000 |
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$250,000 |
QUESTION 26
The theory of compensating differentials predicts that
workers with poor conditions will earn more than those with good conditions. |
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holding worker characteristics constant, workers experiencing poor conditions will earn more than those experiencing good conditions. |
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holding wages constant, highly skilled workers will work under worse conditions than less skilled workers. |
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All of these are true |
QUESTION 27
Fifty million people were employed last month, and 2 percent of the employed workers have become unemployed this month. The number of workers who transitioned from employment to unemployment is
1 million people |
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2 million people |
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5 million people |
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10 million people |
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