10. FutureValue?
Future Value = Amount Today x Factor
$161 = $100 x 1.61
Future Value is compounding
Future Value is multiplying
11. PresentValue?
Present Value = Future Amount ÷ Factor
Present Value = $100 ÷ 1.61
$62.11 = $100 ÷ 1.61
Present Value is discounting
Present Value is dividing
12. Finance
Unknown - Present Value or Future Value?
Must know rate and number of periods
Compute Factor with formula
(1+r)n
If FV multiply
If PV divide
17. Two Surveys
The Current Population Survey (CPS) "household
survey" Sample of 60,000 households.
The Current Employment Statistics Survey (CES):
"payroll survey" sample of 160,000 businesses and
government agencies that represent 400,000 individual
employees.
35. U1: the percentage of labor force unemployed for 15 weeks or longer.
U2: the percentage of labor force who lost jobs or completed temporary work.
U3: the official unemployment rate that occurs when people are without jobs and they
have actively looked for work within the past four weeks.
U4: the individuals described in U3 plus "discouraged workers," those who have stopped
looking for work because current economic conditions make them think that no work is
available for them.
U5: the individuals described in U4 plus other "marginally attached workers," "loosely
attached workers," or those who "would like" and are able to work, but have not looked
for work recently.
U6: the individuals described in U5 plus part-time workers who want to work full-time,
but cannot due to economic reasons, primarily underemployment.
Six Measures of Unemployment