Personal finance is a term that covers your money management as well as saving and investing. These contain the budget, banking, insurance, mortgage, investments and retirement, tax, and estate planning. The term often directs to the entire industry that delivers financial services to people and homes and recommends financial and investment options.
Personal dreams and wishes - and plan to fulfill those essentials in your financial obstacle - also influence how you get the above. In order to use your earnings and savings most, it is necessary to be economical. Personal finance helps you learn the difference between good and bad suggestions and make intelligent financial conclusions.
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Answer:
C) limited; unlimited
Explanation:
Economics can be described as the study of how people use limited resources to satisfy unlimited wants.
Answer:
And we can find this probability using the complement rule and excel or a calculator and we got:
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the rating score of a population, and for this case we know the distribution for X is given by:
Where 
and 
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the complement rule and excel or a calculator and we got:
Consider an economy made up of 100 people, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. the unemployment rate is approximately <u>17 % .</u>
What is the formula for the unemployment rate?
- The percentage of the labor force that is employed that is unemployed is known as the unemployment rate (the labor force is the sum of the employed and unemployed).
- (Unemployed Labor Force) x 100 equals the unemployment rate.
What are the 4 types of unemployment?
There are different types of unemployment, including institutional, structural, cyclical, and frictional.
Effects of unemployment on society -
Communities with high rates of unemployment are more likely to have few job opportunities, subpar housing, fewer recreational opportunities, restricted access to public services and transportation, and underfunded schools.
Solutions to unemployment crisis in India -
- Education. Education is the best answer to every issue facing the world.
- Career advice - People looking for work who are having trouble choosing a career path should speak with a career guidance specialist.
- Training that is skill-based: Every job role calls for a particular skill set.
- job referrals
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Answer:
The correct words for the blank spaces are: Government purchases; Government Expenditures.
Explanation:
Government purchases refer to the expenses the central government incurs in federal, state, and local agencies. These purchases represent part of the <em>Gross Domestic Product</em> (GDP) of the country considering transfer payments are not including in these expenditures.
When the transfer payments are added to the government purchases the result represents the Government Expenditures. It is one of the factors of the GDP along with private investments, individuals' consumption, and net exports (exports minus imports).
